UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $51.82 Million Stake in Crown Holdings, Inc. $CCK

Key Points

• UBS Asset Management reduced its stake in Crown Holdings, Inc. by 0.9% during the first quarter, bringing its ownership to approximately 0.50% of the company, valued at $51.8 million.
• The company recently reported earnings of $2.15 EPS, exceeding estimates, and increased its FY 2025 guidance to 7.100-7.500 EPS, while the stock has been rated as a "Moderate Buy" by analysts.
• Insider trading activity revealed that CEO Timothy J. Donahue sold 37,000 shares at around $100.56 each, a transaction that reduced his ownership by 7.41%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 580,506 shares of the industrial products company's stock after selling 5,532 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.50% of Crown worth $51,816,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CCK. Larson Financial Group LLC lifted its holdings in Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after acquiring an additional 107 shares during the last quarter. Signaturefd LLC lifted its holdings in Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service lifted its holdings in Crown by 74.4% in the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after acquiring an additional 189 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Crown by 39.4% in the first quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after acquiring an additional 184 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Crown by 33.8% in the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Insider Activity at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred 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 transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares in the company, 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. In the last 90 days, insiders sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is currently owned by company insiders.

Crown Price Performance

Shares of NYSE CCK traded down $0.58 during mid-day trading on Friday, reaching $94.68. 1,471,775 shares of the company traded hands, compared to its average volume of 1,253,003. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The firm has a market cap of $11.02 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. The stock has a fifty day simple moving average of $99.80 and a 200-day simple moving average of $96.59.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned $1.81 earnings per share. The business's revenue for the quarter 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. Equities research analysts anticipate 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 given a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown's payout ratio is 21.85%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCK. Mizuho raised their target price on shares of Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price target 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. UBS Group raised their price target on shares of Crown from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Robert W. Baird raised their price target on shares of Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Baird R W lowered shares of Crown from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

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.