8,977 Shares in Crown Holdings, Inc. (NYSE:CCK) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the third quarter, Holdings Channel.com reports. The firm bought 8,977 shares of the industrial products company’s stock, valued at approximately $861,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CCK. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Crown by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock worth $23,878,000 after acquiring an additional 10,295 shares during the period. Sei Investments Co. increased its stake in shares of Crown by 139.2% in the second quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock valued at $9,104,000 after purchasing an additional 71,227 shares during the period. Jensen Investment Management Inc. raised its holdings in shares of Crown by 7.8% during the third quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after buying an additional 7,280 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Crown by 62.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,142 shares of the industrial products company’s stock worth $1,722,000 after buying an additional 8,857 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock worth $544,301,000 after buying an additional 412,973 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $93.00, for a total value of $697,500.00. Following the transaction, the chief executive officer now owns 571,178 shares in the company, valued at $53,119,554. This represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. This represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,006 shares of company stock valued at $2,478,049 in the last three months. 0.90% of the stock is currently owned by company insiders.

Crown Stock Down 0.2 %

Shares of Crown stock opened at $87.88 on Friday. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $98.46. The firm has a market capitalization of $10.51 billion, a PE ratio of 108.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The stock’s fifty day moving average is $92.45 and its 200-day moving average is $87.44.

Crown (NYSE:CCK) last posted its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.18. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. Equities analysts anticipate that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, November 14th. Crown’s payout ratio is 123.46%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCK. Mizuho set a $110.00 price target on Crown in a research report on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Truist Financial raised their target price on shares of Crown from $95.00 to $103.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Barclays upped their price target on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley boosted their target price on Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Three 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.

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.