Westwood Holdings Group Inc. Sells 4,430 Shares of Crown Holdings, Inc. (NYSE:CCK)

Westwood Holdings Group Inc. decreased its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,381 shares of the industrial products company's stock after selling 4,430 shares during the quarter. Westwood Holdings Group Inc. owned 0.22% of Crown worth $22,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Crown by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock worth $477,923,000 after purchasing an additional 102,789 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Crown by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock valued at $245,408,000 after buying an additional 283,014 shares during the last quarter. Metropolis Capital Ltd raised its holdings in Crown by 68.7% during the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after buying an additional 1,000,605 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock valued at $140,720,000 after acquiring an additional 399,842 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Up 0.7%

Shares of Crown stock opened at $100.13 on Tuesday. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $101.50. The company has a 50-day simple moving average of $89.98 and a two-hundred day simple moving average of $88.48. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The stock has a market capitalization of $11.65 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76.

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

Crown Dividend Announcement

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

Analyst Ratings Changes

CCK has been the subject of a number of recent analyst reports. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho increased their price target on shares of Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Barclays increased their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company increased their target price on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.45.

Insider Buying and Selling at Crown

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

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.

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