6,395 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,395 shares of the industrial products company’s stock, valued at approximately $613,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the last quarter. Covestor Ltd raised its stake in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 277 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Crown during the 3rd quarter worth approximately $48,000. EntryPoint Capital LLC purchased a new position in shares of Crown in the 1st quarter valued at approximately $41,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Crown in the third quarter valued at approximately $55,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCK has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Loop Capital lifted their target price on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Truist Financial increased their price target on shares of Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Citigroup raised their price objective on shares of Crown from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird boosted their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.62.

Crown Trading Down 0.2 %

NYSE:CCK opened at $89.86 on Friday. The company has a market capitalization of $10.75 billion, a PE ratio of 110.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46. The stock has a fifty day simple moving average of $93.58 and a 200-day simple moving average of $86.55. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK) last announced its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. On average, equities research analysts expect that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. Crown’s dividend payout ratio (DPR) is 123.46%.

Insider Activity

In other Crown news, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now directly owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares of the company’s stock, valued at approximately $10,970,007.78. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,506 shares of company stock worth $3,157,399 over the last three months. 0.90% of the stock is currently owned by corporate 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.