Tidal Investments LLC Buys 34,699 Shares of Crown Holdings, Inc. (NYSE:CCK)

Tidal Investments LLC raised its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 157.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,696 shares of the industrial products company's stock after purchasing an additional 34,699 shares during the quarter. Tidal Investments LLC's holdings in Crown were worth $4,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Metropolis Capital Ltd grew its holdings in Crown by 68.7% during the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock worth $203,116,000 after buying an additional 1,000,605 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Crown by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock worth $67,183,000 after acquiring an additional 8,739 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Crown in the 4th quarter worth $255,000. Washington Capital Management Inc. purchased a new stake in shares of Crown in the fourth quarter valued at about $604,000. Finally, Iridian Asset Management LLC CT raised its holdings in shares of Crown by 13.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 222,292 shares of the industrial products company's stock valued at $18,381,000 after purchasing an additional 26,443 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Analysts Set New Price Targets

CCK has been the subject of a number of recent analyst reports. Mizuho upped their price objective on shares of Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. UBS Group boosted their target price on shares of Crown from $109.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price target on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Barclays lifted their price target on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada increased their price objective on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average price target of $110.45.

Insider Transactions at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the transaction, the chief operating officer now directly owns 135,014 shares of the company's stock, valued at $13,096,358. This trade represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the transaction, the vice president now owns 4,500 shares of the company's stock, valued at $447,345. This trade represents a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Crown Stock Performance

Crown stock traded down $1.00 during mid-day trading on Monday, reaching $97.08. The company's stock had a trading volume of 913,080 shares, compared to its average volume of 1,222,350. The firm's fifty day moving average price is $90.70 and its two-hundred day moving average price is $88.61. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $100.24. The company has a market capitalization of $11.30 billion, a P/E ratio of 27.27, a PEG ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.82 billion. Crown had a return on equity of 25.12% and a net margin of 3.59%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share. Sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 15th. Crown's dividend payout ratio is presently 22.37%.

About Crown

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.