Lombard Odier Asset Management USA Corp bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,188 shares of the industrial products company’s stock, valued at approximately $1,358,000.
Several other large investors have also bought and sold shares of CCK. Norges Bank bought a new position in Crown during the 4th quarter worth $158,288,000. Fuller & Thaler Asset Management Inc. bought a new position in Crown during the 4th quarter worth $127,230,000. JPMorgan Chase & Co. grew its holdings in Crown by 226.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after acquiring an additional 1,022,789 shares during the period. AQR Capital Management LLC grew its holdings in Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after acquiring an additional 933,938 shares during the period. Finally, LSV Asset Management grew its holdings in Crown by 542.2% during the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after acquiring an additional 724,620 shares during the period. 90.93% of the stock is owned by institutional investors.
Crown Stock Performance
Shares of CCK opened at $102.01 on Wednesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The stock has a 50-day moving average of $99.83 and a 200-day moving average of $103.08. The company has a market cap of $11.40 billion, a PE ratio of 16.24, a P/E/G ratio of 1.65 and a beta of 0.63. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $116.62.
Crown Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Crown’s dividend payout ratio (DPR) is currently 22.29%.
Analysts Set New Price Targets
A number of analysts have weighed in on CCK shares. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. DA Davidson decreased their price target on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Bank of America decreased their price target on Crown from $131.00 to $126.00 and set a “buy” rating for the company in a report on Monday, April 6th. UBS Group decreased their price target on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Truist Financial decreased their price target on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.
Read Our Latest Analysis on CCK
Insider Activity at Crown
In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the sale, the chief executive officer directly owned 451,070 shares in the company, valued at $48,196,829.50. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.
About Crown
Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.
Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.
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