Tudor Investment Corp ET AL Decreases Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Tudor Investment Corp ET AL decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,228 shares of the industrial products company's stock after selling 29,195 shares during the quarter. Tudor Investment Corp ET AL's holdings in Crown were worth $2,417,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its holdings in shares of Crown by 48.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,575 shares of the industrial products company's stock worth $1,589,000 after buying an additional 5,397 shares during the last quarter. Tidal Investments LLC increased its stake in Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock valued at $2,109,000 after acquiring an additional 12,058 shares during the last quarter. Franklin Resources Inc. raised its position in Crown by 3.6% during the third quarter. Franklin Resources Inc. now owns 941,033 shares of the industrial products company's stock valued at $87,949,000 after purchasing an additional 32,909 shares in the last quarter. GAMMA Investing LLC lifted its stake in Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after purchasing an additional 261 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Crown in the 4th quarter worth about $348,000. 90.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now directly owns 135,014 shares of the company's stock, valued at $13,096,358. This represents a 4.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company's stock.

Crown Trading Down 0.2 %

NYSE CCK traded down $0.15 on Wednesday, hitting $97.26. The company's stock had a trading volume of 953,405 shares, compared to its average volume of 1,200,691. The firm has a market cap of $11.38 billion, a P/E ratio of 27.32, a PEG ratio of 1.56 and a beta of 0.76. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $100.40. The company's 50-day simple moving average is $88.46 and its 200 day simple moving average is $88.37. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

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

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders 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 yield of 1.07%. Crown's payout ratio is 22.37%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Mizuho upped their price objective on shares of Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Truist Financial decreased their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company upped their price target on shares of Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, UBS Group lifted their price objective on Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Crown has an average rating of "Moderate Buy" and an average price target of $110.45.

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.