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

XTX Topco Ltd bought a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,819 shares of the industrial products company's stock, valued at approximately $519,000.

Several other large investors have also recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in shares of Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after purchasing an additional 107 shares in the last quarter. Signaturefd LLC grew its stake in Crown by 161.2% in the 1st 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 period. Colonial Trust Co SC grew its stake in Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after acquiring an additional 352 shares during the period. Parallel Advisors LLC grew its stake in Crown by 33.8% in the 1st 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 period. Finally, Natixis acquired a new position in shares of Crown during the 4th quarter valued at $91,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Buying and Selling

In related news, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the transaction, the vice president owned 4,500 shares in the company, valued at approximately $447,345. The trade was a 32.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Crown Trading Up 0.6%

Shares of NYSE:CCK traded up $0.61 during trading on Friday, hitting $101.38. 966,227 shares of the company's stock were exchanged, compared to its average volume of 1,377,790. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The firm has a 50-day moving average price of $102.92 and a two-hundred day moving average price of $94.56. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The firm has a market cap of $11.80 billion, a P/E ratio of 21.30, a PEG ratio of 1.55 and a beta of 0.74.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly 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. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the previous year, the company earned $1.81 EPS. Crown's revenue was up 3.6% on a year-over-year basis. Equities analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

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

Analysts Set New Price Targets

CCK has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wells Fargo & Company increased their price objective on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Robert W. Baird increased their target price 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. Loop Capital upped their price target on shares of Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley increased their target price on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Crown currently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

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.