Perbak Capital Partners LLP Takes Position in Crown Holdings, Inc. $CCK

Key Points

• Perbak Capital Partners LLP has acquired 3,572 shares of Crown Holdings, Inc., totaling approximately $319,000, marking the firm's new position in the company.
• Several other institutional investors have also increased their stakes, with Northern Trust Corp raising its position by 13.7% and Mirae Asset Global Investments growing its stake by 155.4% during the first quarter.
• Crown Holdings recently reported quarterly earnings of $2.15 per share, exceeding estimates and demonstrating a 3.6% year-over-year revenue increase to $3.15 billion.

Perbak Capital Partners LLP acquired a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,572 shares of the industrial products company's stock, valued at approximately $319,000.

A number of other large investors also recently bought and sold shares of CCK. Stifel Financial Corp raised its stake in Crown by 9.9% in the fourth quarter. Stifel Financial Corp now owns 21,326 shares of the industrial products company's stock worth $1,763,000 after buying an additional 1,925 shares in the last quarter. Comerica Bank raised its stake in Crown by 2.9% in the fourth quarter. Comerica Bank now owns 60,476 shares of the industrial products company's stock worth $5,001,000 after buying an additional 1,703 shares in the last quarter. Algert Global LLC raised its stake in Crown by 583.7% in the fourth quarter. Algert Global LLC now owns 33,359 shares of the industrial products company's stock worth $2,758,000 after buying an additional 28,480 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Crown by 6.8% in the fourth quarter. Ameriprise Financial Inc. now owns 251,300 shares of the industrial products company's stock worth $20,780,000 after buying an additional 15,899 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Crown by 3.0% in the fourth quarter. Bank of America Corp DE now owns 699,493 shares of the industrial products company's stock worth $57,841,000 after buying an additional 20,373 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Insider Transactions at Crown

In other news, CAO Gerard H. Gifford sold 8,222 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares of the company's stock, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the transaction, the chief executive officer directly owned 462,056 shares of the company's stock, valued at approximately $46,464,351.36. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock valued at $5,873,770 in the last quarter. Company insiders own 0.90% of the company's stock.

Crown Stock Performance

Shares of NYSE CCK traded up $1.93 during mid-day trading on Friday, hitting $94.20. The stock had a trading volume of 1,701,454 shares, compared to its average volume of 1,054,704. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The company has a 50 day moving average of $102.14 and a two-hundred day moving average of $96.07. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The firm has a market cap of $10.96 billion, a PE ratio of 19.79, a PEG ratio of 1.41 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the firm earned $1.81 EPS. The firm's revenue was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's dividend payout ratio is presently 21.85%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup reissued a "buy" rating on shares of Crown in a research note on Wednesday, July 23rd. Bank of America upped their price target on Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Robert W. Baird upped their price target on Crown from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Crown from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Truist Financial raised Crown from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.67.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.