XTX Topco Ltd Makes New Investment in Crown Holdings, Inc. (NYSE:CCK)

XTX Topco Ltd acquired a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 5,819 shares of the industrial products company's stock, valued at approximately $519,000.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in shares of Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 107 shares during the last quarter. Signaturefd LLC lifted its stake in Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after buying an additional 245 shares in the last quarter. Colonial Trust Co SC grew its holdings in Crown by 88.0% during the 4th 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. Parallel Advisors LLC increased its position in Crown by 33.8% during the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after buying an additional 205 shares in the last quarter. Finally, Natixis acquired a new position in shares of Crown in the fourth quarter worth $91,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Trading Up 0.6%

Shares of CCK traded up $0.61 during mid-day trading on Friday, reaching $101.38. The company had a trading volume of 966,227 shares, compared to its average volume of 1,299,783. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The firm has a fifty day simple moving average of $102.86 and a 200-day simple moving average of $94.41. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. 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 issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company posted $1.81 EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. Crown's dividend payout ratio is 21.85%.

Insider Buying and Selling

In related news, CAO Gerard H. Gifford sold 8,222 shares of the firm's 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. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of the business'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 owned 4,500 shares of the company's stock, valued at approximately $447,345. This represents a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CCK has been the topic of a number of analyst reports. Bank of America increased their price objective on Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Truist Financial reaffirmed a "hold" rating and set a $118.00 price target (up from $117.00) on shares of Crown in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Loop Capital raised their target price on shares of Crown from $129.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Crown in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

About Crown

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.