Vident Advisory LLC Makes New Investment in Crown Holdings, Inc. $CCK

Key Points

• Vident Advisory LLC has acquired a new stake in Crown Holdings, Inc. (NYSE: CCK), purchasing 5,206 shares valued at approximately $465,000 during the first quarter.
• Several institutional investors have increased their holdings, with National Pension Service raising its stake by 74.4%, now owning 443 shares worth $40,000.
• Crown Holdings announced a quarterly dividend of $0.26 per share, which translates to an annual yield of 1.1%, with an ex-dividend date of August 7th.

Vident Advisory LLC purchased a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,206 shares of the industrial products company's stock, valued at approximately $465,000.

A number of other large investors have also recently bought and sold shares of CCK. Northern Trust Corp raised its position in shares of Crown by 13.7% in the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company's stock worth $110,883,000 after buying an additional 149,339 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Crown by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after buying an additional 1,091 shares during the period. GAMMA Investing LLC raised its position in shares of Crown by 110.3% in the 1st quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after buying an additional 630 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Crown in the 1st quarter worth $820,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Crown by 4.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock worth $256,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCK shares. Wells Fargo & Company increased their target price on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Truist Financial upgraded Crown from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley lifted their price target on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, Loop Capital lifted their price target on Crown from $129.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $120.67.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 37,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares in the company, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Gerard H. Gifford sold 8,222 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction 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. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,222 shares of company stock worth $5,873,770. Corporate insiders own 0.90% of the company's stock.

Crown Price Performance

NYSE:CCK traded up $2.10 during midday trading on Thursday, hitting $96.65. 650,868 shares of the stock were exchanged, compared to its average volume of 1,281,239. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.45 and a beta of 0.73. The business has a 50-day moving average price of $101.50 and a two-hundred day moving average price of $96.20. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. The firm had revenue of $3.15 billion for 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. 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.