Crown Holdings, Inc. (NYSE:CCK) Holdings Lowered by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Crown Holdings, Inc. (NYSE:CCK) by 21.0% during the fourth quarter, HoldingsChannel reports. The firm owned 135,149 shares of the industrial products company’s stock after selling 35,931 shares during the period. Natixis Advisors LLC’s holdings in Crown were worth $11,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC increased its position in shares of Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 12,058 shares in the last quarter. Nordea Investment Management AB boosted its stake in Crown by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares during the period. Metropolis Capital Ltd grew its position in Crown by 68.7% during the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock worth $203,116,000 after purchasing an additional 1,000,605 shares in the last quarter. Quest Partners LLC raised its stake in Crown by 3,676.8% during the 3rd quarter. Quest Partners LLC now owns 9,593 shares of the industrial products company’s stock valued at $920,000 after purchasing an additional 9,339 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Crown by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company’s stock valued at $67,183,000 after purchasing an additional 8,739 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Up 0.2 %

CCK stock opened at $90.58 on Thursday. The firm has a market cap of $10.65 billion, a PE ratio of 25.44, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The company has a fifty day simple moving average of $87.31 and a 200 day simple moving average of $89.54. 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) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.26 dividend. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. Crown’s dividend payout ratio (DPR) is currently 29.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group lowered their price target on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada increased their price target on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Truist Financial increased their target price on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.