Versant Capital Management Inc Buys 3,788 Shares of Crown Holdings, Inc. (NYSE:CCK)

Versant Capital Management Inc raised its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 910.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,204 shares of the industrial products company's stock after acquiring an additional 3,788 shares during the quarter. Versant Capital Management Inc's holdings in Crown were worth $375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 256 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after buying an additional 117 shares during the last quarter. Colonial Trust Co SC increased its holdings in Crown by 88.0% during the fourth quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after buying an additional 352 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Crown by 48.6% during the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after buying an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after buying an additional 647 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group upped their target price on shares of Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Barclays lifted their price objective on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Mizuho lifted their price objective on Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Truist Financial lowered their price objective on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.45.

Insider Transactions at Crown

In other news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the sale, the vice president now directly owns 4,500 shares of the company's stock, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now directly owns 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93% 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 Price Performance

CCK traded up $1.56 during trading on Tuesday, hitting $98.28. 1,438,060 shares of the company traded hands, compared to its average volume of 1,337,131. The company has a market cap of $11.44 billion, a PE ratio of 27.61, a P/E/G ratio of 1.56 and a beta of 0.76. The stock's 50-day simple moving average is $91.78 and its two-hundred day simple moving average is $88.84. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $100.24. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

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

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. Crown's dividend payout ratio (DPR) is 22.37%.

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.