ASR Vermogensbeheer N.V. Raises Stake in Crown Holdings, Inc. $CCK

ASR Vermogensbeheer N.V. raised its position in Crown Holdings, Inc. (NYSE:CCK) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,938 shares of the industrial products company’s stock after acquiring an additional 773 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Crown were worth $714,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. RKL Wealth Management LLC purchased a new position in Crown in the second quarter worth approximately $219,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Crown by 50.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 261,147 shares of the industrial products company’s stock worth $26,893,000 after buying an additional 88,085 shares during the last quarter. LBP AM SA lifted its position in shares of Crown by 10.8% during the 2nd quarter. LBP AM SA now owns 67,716 shares of the industrial products company’s stock worth $6,973,000 after buying an additional 6,625 shares during the last quarter. Hall Laurie J Trustee lifted its position in shares of Crown by 2.8% during the 2nd quarter. Hall Laurie J Trustee now owns 34,935 shares of the industrial products company’s stock worth $3,598,000 after buying an additional 945 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Crown by 19.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,433 shares of the industrial products company’s stock worth $148,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Down 0.5%

CCK stock opened at $96.43 on Friday. The company has a fifty day moving average price of $97.94 and a 200 day moving average price of $97.08. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.86 by $0.29. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. Crown’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s dividend payout ratio is presently 21.85%.

Insiders Place Their Bets

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

CCK has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Baird R W downgraded shares of Crown from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. UBS Group boosted their price objective on shares of Crown from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Mizuho reduced their price objective on shares of Crown from $127.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Citigroup reduced their price target on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and an average target price of $119.33.

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.