Dimensional Fund Advisors LP Increases Holdings in Crown Holdings, Inc. (NYSE:CCK)

Dimensional Fund Advisors LP lifted its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,320,502 shares of the industrial products company's stock after purchasing an additional 44,195 shares during the quarter. Dimensional Fund Advisors LP owned about 1.09% of Crown worth $121,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jump Financial LLC purchased a new position in shares of Crown in the 4th quarter worth approximately $635,000. Reynders McVeigh Capital Management LLC boosted its holdings in Crown by 52.4% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 239,041 shares of the industrial products company's stock valued at $22,013,000 after acquiring an additional 82,192 shares during the period. Mesirow Institutional Investment Management Inc. boosted its holdings in Crown by 12.2% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 37,111 shares of the industrial products company's stock valued at $3,418,000 after acquiring an additional 4,023 shares during the period. Versor Investments LP purchased a new position in Crown during the 4th quarter valued at $295,000. Finally, Jupiter Wealth Management LLC boosted its holdings in Crown by 5.7% during the 4th quarter. Jupiter Wealth Management LLC now owns 44,182 shares of the industrial products company's stock valued at $4,069,000 after acquiring an additional 2,400 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

CCK has been the subject of a number of recent analyst reports. Truist Financial restated a "hold" rating and set a $88.00 price objective (down previously from $100.00) on shares of Crown in a report on Wednesday, March 27th. Robert W. Baird boosted their price objective on Crown from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Morgan Stanley started coverage on Crown in a report on Monday, March 18th. They set an "equal weight" rating and a $87.00 price objective for the company. Loop Capital lifted their target price on Crown from $101.00 to $106.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, Mizuho decreased their target price on Crown from $105.00 to $96.00 and set a "buy" rating for the company in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $99.29.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $85.00, for a total transaction of $637,500.00. Following the transaction, the chief executive officer now directly owns 608,678 shares in the company, valued at approximately $51,737,630. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $85.00, for a total transaction of $637,500.00. Following the sale, the chief executive officer now owns 608,678 shares in the company, valued at approximately $51,737,630. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 22,500 shares of the business's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $85.18, for a total value of $1,916,550.00. Following the sale, the chief executive officer now owns 616,178 shares in the company, valued at approximately $52,486,042.04. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Crown Stock Up 0.3 %

Shares of CCK traded up $0.27 during trading hours on Monday, hitting $85.18. The company had a trading volume of 512,640 shares, compared to its average volume of 1,194,551. The company has a market capitalization of $10.29 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.85 and a beta of 0.88. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 2.26. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $96.35. The company's fifty day moving average price is $79.87 and its two-hundred day moving average price is $82.97.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. Crown had a return on equity of 23.95% and a net margin of 3.51%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company posted $1.20 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Crown Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.17%. Crown's dividend payout ratio (DPR) is 28.82%.

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.