Pathstone Holdings LLC Has $1.31 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Pathstone Holdings LLC trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 7.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,683 shares of the industrial products company’s stock after selling 1,038 shares during the quarter. Pathstone Holdings LLC’s holdings in Crown were worth $1,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Crown by 7.8% during the third quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock worth $544,301,000 after acquiring an additional 412,973 shares during the period. Sessa Capital IM L.P. raised its stake in shares of Crown by 153.0% in the 2nd quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock valued at $244,697,000 after purchasing an additional 1,989,374 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Crown by 31.5% in the second quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company’s stock valued at $147,032,000 after purchasing an additional 473,000 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Crown by 7.1% during the second quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company’s stock worth $124,808,000 after buying an additional 111,589 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Crown by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock worth $109,504,000 after buying an additional 79,502 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

CCK opened at $93.02 on Friday. 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 has a market cap of $11.13 billion, a price-to-earnings ratio of 114.84, a PEG ratio of 2.05 and a beta of 0.85. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $98.46. The business has a 50 day moving average of $93.59 and a 200-day moving average of $87.00.

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

Crown Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.08%. Crown’s dividend payout ratio (DPR) is presently 123.46%.

Analysts Set New Price Targets

Several equities research analysts have commented on CCK shares. Barclays boosted their target price on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Truist Financial increased their target price on shares of Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their target price 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. Citigroup boosted their price target on shares of Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird raised their price objective on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Monday, October 7th. The stock was sold at an average price of $93.00, for a total transaction of $697,500.00. Following the completion of the sale, the chief executive officer now owns 571,178 shares of the company’s stock, valued at approximately $53,119,554. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Miller sold 1,006 shares of the company’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 completion of the transaction, the director now owns 12,424 shares in the company, valued at $1,187,734.40. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,506 shares of company stock worth $3,157,399 over the last quarter. Company insiders own 0.90% of the company’s stock.

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.