Maven Securities LTD Acquires Shares of 5,000 Crown Holdings, Inc. (NYSE:CCK)

Maven Securities LTD bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the industrial products company's stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in Crown by 10,138.8% in 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. Norges Bank acquired a new position in shares of Crown during the 4th quarter worth approximately $113,568,000. Metropolis Capital Ltd grew its holdings in Crown by 68.7% in 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 in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Crown during the 4th quarter worth $66,732,000. Finally, Vulcan Value Partners LLC boosted its stake in Crown by 450.5% in the fourth quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company's stock valued at $68,027,000 after buying an additional 674,072 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Stock Down 0.0%

Shares of NYSE:CCK traded down $0.01 on Monday, reaching $99.44. The company had a trading volume of 456,894 shares, compared to its average volume of 1,210,766. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $101.50. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $11.57 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.56 and a beta of 0.76. The stock has a 50-day moving average price of $89.75 and a 200 day moving average price of $88.43.

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

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given 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 1.05%. Crown's payout ratio is 22.37%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Mizuho upped their price target on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Truist Financial dropped their target price on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.45.

Insider Transactions at Crown

In related news, VP Christy L. Kalaus sold 2,130 shares of the firm'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 completion of the transaction, the vice president now owns 4,500 shares of the company's stock, valued at $447,345. This trade represents a 32.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the transaction, the chief operating officer now directly owns 135,014 shares of the company's stock, valued at approximately $13,096,358. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

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.