Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,013,351 shares of the industrial products company's stock after purchasing an additional 133,813 shares during the quarter. Impax Asset Management Group plc owned 1.67% of Crown worth $185,409,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CCK. BluePath Capital Management LLC purchased a new stake in shares of Crown in the third quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in shares of Crown during the 4th quarter valued at approximately $26,000. Quarry LP acquired a new position in shares of Crown during the 1st quarter worth approximately $58,000. UniSuper Management Pty Ltd acquired a new position in shares of Crown during the 2nd quarter worth approximately $78,000. Finally, TFC Financial Management Inc. raised its position in shares of Crown by 23,000.0% during the 3rd quarter. TFC Financial Management Inc. now owns 924 shares of the industrial products company's stock worth $82,000 after purchasing an additional 920 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Performance

CCK traded up $3.58 during trading on Tuesday, hitting $80.57. The stock had a trading volume of 1,387,999 shares, compared to its average volume of 1,229,265. The company has a 50 day simple moving average of $77.74 and a 200-day simple moving average of $83.35. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $96.35. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 2.34. The firm has a market cap of $9.73 billion, a PE ratio of 21.00, a P/E/G ratio of 2.61 and a beta of 0.91.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.19). The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.96 billion. Crown had a net margin of 3.75% and a return on equity of 25.75%. Crown's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Analysts expect that Crown Holdings, Inc. will post 5.91 EPS for the current year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from Crown's previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, March 13th. Crown's payout ratio is 26.60%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Mizuho dropped their price objective on Crown from $105.00 to $96.00 and set a "buy" rating for the company in a report on Tuesday, February 6th. Wolfe Research began coverage on shares of Crown in a research report on Friday, March 1st. They issued an "outperform" rating and a $102.00 price objective for the company. Morgan Stanley began coverage on shares of Crown in a research report on Monday, March 18th. They set an "equal weight" rating and a $87.00 price target on the stock. Truist Financial reaffirmed a "hold" rating and set a $88.00 price target (down previously from $100.00) on shares of Crown in a research report on Wednesday, March 27th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $90.00 price target on shares of Crown in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Crown has an average rating of "Moderate Buy" and an average price target of $99.36.

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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