APG Asset Management N.V. Has $25.81 Million Position in Crown Holdings, Inc. (NYSE:CCK)

APG Asset Management N.V. lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 371,883 shares of the industrial products company’s stock after buying an additional 797 shares during the quarter. APG Asset Management N.V. owned about 0.31% of Crown worth $25,812,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in Crown by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 158 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after buying an additional 176 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Crown by 3.7% in the first quarter. Verdence Capital Advisors LLC now owns 5,348 shares of the industrial products company’s stock valued at $424,000 after buying an additional 193 shares during the period. CIBC Asset Management Inc grew its position in Crown by 5.4% during the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock worth $303,000 after buying an additional 209 shares in the last quarter. Finally, OFI Invest Asset Management increased its stake in Crown by 2.2% during the 2nd quarter. OFI Invest Asset Management now owns 11,267 shares of the industrial products company’s stock worth $782,000 after acquiring an additional 240 shares during the period. Institutional investors own 90.93% of the company’s stock.

Crown Trading Down 0.3 %

Shares of CCK stock opened at $94.74 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $11.44 billion, a P/E ratio of 27.30, a P/E/G ratio of 2.26 and a beta of 0.85. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $96.74. The stock’s fifty day simple moving average is $89.21 and its 200 day simple moving average is $82.71.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.22. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts predict that Crown Holdings, Inc. will post 6.15 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. Crown’s dividend payout ratio (DPR) is presently 28.82%.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares in the company, valued at approximately $50,323,381.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares in the company, valued at approximately $50,323,381.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James H. Miller sold 1,006 shares of the business’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 completion of the transaction, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. The disclosure for this sale can be found here. Insiders sold a total of 31,006 shares of company stock worth $2,694,849 in the last quarter. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CCK. Truist Financial raised their price target on Crown from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 target price on shares of Crown in a research report on Tuesday. Loop Capital lifted their price objective on shares of Crown from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America upped their target price on Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. Four research 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, Crown has a consensus rating of “Moderate Buy” and a consensus target price of $101.14.

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.