Trexquant Investment LP Has $16.99 Million Stake in Crown Holdings, Inc. $CCK

Key Points

• Trexquant Investment LP reduced its stake in Crown Holdings, Inc. by 45.8%, holding 190,322 shares after selling 161,042 shares in the first quarter.
• Despite Trexquant's exit, several other hedge funds increased their positions in Crown, with National Pension Service boosting its holdings by 74.4%.
• Crown Holdings, Inc. reported an earnings per share (EPS) of $2.15 in its latest quarter, exceeding estimates and marking a 3.6% revenue increase year-over-year.

Trexquant Investment LP lessened its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 45.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,322 shares of the industrial products company's stock after selling 161,042 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of Crown worth $16,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CCK. Marshall Wace LLP increased its holdings in Crown by 19.9% in the 4th quarter. Marshall Wace LLP now owns 4,643 shares of the industrial products company's stock valued at $384,000 after buying an additional 769 shares during the period. Stifel Financial Corp boosted its position in shares of Crown by 9.9% during the 4th quarter. Stifel Financial Corp now owns 21,326 shares of the industrial products company's stock valued at $1,763,000 after acquiring an additional 1,925 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Crown by 1.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,352 shares of the industrial products company's stock valued at $6,397,000 after acquiring an additional 1,093 shares during the period. Integrated Wealth Concepts LLC raised its position in Crown by 16.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,948 shares of the industrial products company's stock worth $244,000 after purchasing an additional 409 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Crown by 32.0% during the fourth quarter. Northern Trust Corp now owns 1,092,911 shares of the industrial products company's stock worth $90,373,000 after purchasing an additional 264,803 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on Crown from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Loop Capital upped their price target on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Bank of America increased their price objective on Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Citigroup reiterated a "buy" rating on shares of Crown in a research report on Wednesday, July 23rd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the transaction, the chief executive officer directly owned 449,056 shares in the company, valued at approximately $45,139,109.12. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the sale, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at $12,617,674.05. This trade represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is currently owned by company insiders.

Crown Price Performance

Crown stock traded down $0.72 on Monday, reaching $99.42. The company's stock had a trading volume of 787,402 shares, compared to its average volume of 1,026,633. The business's fifty day moving average price is $103.02 and its 200 day moving average price is $95.94. 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 market cap of $11.57 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.52 and a beta of 0.73. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48.

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

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's dividend payout ratio is 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.