Rehmann Capital Advisory Group Acquires New Shares in Crown Holdings, Inc. $CCK

Key Points

• Rehmann Capital Advisory Group acquired a new stake in Crown Holdings, Inc. with 7,101 shares valued at approximately $731,000 during Q2.
• The CEO, Timothy J. Donahue, sold 37,000 shares of Crown at an average price of $100.56, reducing his stake by 7.41% and leaving him with around 462,056 shares.
• Crown Holdings reported a Q3 earnings per share of $2.24, exceeding expectations and reflecting a year-over-year revenue growth of 4.2%, amounting to $3.20 billion.

Rehmann Capital Advisory Group bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,101 shares of the industrial products company's stock, valued at approximately $731,000.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in Crown by 13.7% during the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company's stock valued at $110,883,000 after buying an additional 149,339 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Crown by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after acquiring an additional 1,091 shares in the last quarter. GAMMA Investing LLC grew its position in Crown by 110.3% in the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after acquiring an additional 630 shares in the last quarter. Inspire Investing LLC bought a new position in Crown in the first quarter valued at $762,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Crown during the first quarter valued at about $820,000. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 37,000 shares of the firm'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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CCK shares. Baird R W cut Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. UBS Group reaffirmed a "buy" rating and issued a $117.00 target price on shares of Crown in a research note on Tuesday. Bank of America increased their price target on shares of Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Crown from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Finally, Citigroup cut their price objective on shares of Crown from $135.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, September 29th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Crown currently has an average rating of "Moderate Buy" and a consensus target price of $118.08.

Crown Stock Performance

NYSE:CCK opened at $98.85 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The firm has a market cap of $11.50 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.39 and a beta of 0.73. The business has a 50 day moving average price of $96.07 and a 200-day moving average price of $97.57.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the firm earned $1.99 earnings per share. Crown's quarterly revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities research analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th. Crown's payout ratio is presently 21.85%.

Crown 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.

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