Crown Holdings, Inc. (NYSE:CCK) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,423 shares of the industrial products company's stock after purchasing an additional 14,872 shares during the period. Gotham Asset Management LLC owned 0.07% of Crown worth $6,816,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Crown by 160.0% during the 4th 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. GAMMA Investing LLC grew its stake in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 117 shares during the period. Colonial Trust Co SC increased its stake in shares of Crown by 88.0% in the fourth quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after purchasing an additional 352 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Crown by 48.6% in the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Stock Performance

Shares of Crown stock traded down $0.35 during trading on Monday, hitting $99.10. 192,295 shares of the company's stock were exchanged, compared to its average volume of 1,209,802. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $101.50. 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 $11.53 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.56 and a beta of 0.76. The business has a 50-day simple moving average of $89.75 and a 200-day simple moving average of $88.43.

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

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.26 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.05%. Crown's dividend payout ratio is currently 22.37%.

Analyst Ratings Changes

Several equities analysts recently commented on CCK shares. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Truist Financial dropped their price target on Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. UBS Group upped their target price on Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Barclays upped their target price on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada boosted their target price on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.45.

Insider Buying and Selling

In other news, COO Gerard H. Gifford sold 7,000 shares of the business'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. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by insiders.

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.