Forsta AP Fonden Sells 6,700 Shares of Crown Holdings, Inc. (NYSE:CCK)

Forsta AP Fonden lowered its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 25.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,800 shares of the industrial products company’s stock after selling 6,700 shares during the period. Forsta AP Fonden’s holdings in Crown were worth $1,473,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Crown by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company’s stock worth $951,306,000 after acquiring an additional 176,639 shares during the last quarter. William Blair Investment Management LLC lifted its position in Crown by 2.0% during the first quarter. William Blair Investment Management LLC now owns 2,826,399 shares of the industrial products company’s stock worth $224,020,000 after purchasing an additional 56,604 shares during the period. Clearbridge Investments LLC grew its stake in Crown by 28.9% during the first quarter. Clearbridge Investments LLC now owns 1,566,163 shares of the industrial products company’s stock worth $124,134,000 after buying an additional 351,545 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Crown in the 1st quarter valued at about $119,167,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Crown by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company’s stock valued at $121,614,000 after buying an additional 44,195 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 586,178 shares in the company, valued at $50,323,381.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 586,178 shares in the company, valued at $50,323,381.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the transaction, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $2,598,675 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Crown Stock Performance

Shares of CCK stock opened at $92.45 on Tuesday. The stock has a market capitalization of $11.16 billion, a PE ratio of 26.64, a PEG ratio of 2.13 and a beta of 0.85. The business’s 50 day simple moving average is $85.86 and its 200 day simple moving average is $81.67. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $93.79.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. Crown had a net margin of 3.68% and a return on equity of 23.96%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.15 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s dividend payout ratio (DPR) is presently 28.82%.

Analyst Ratings Changes

A number of research firms have recently commented on CCK. Loop Capital boosted their price target on Crown from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America lifted their target price on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup increased their target price on shares of Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company lifted their price target on shares of Crown from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, UBS Group dropped their price objective on shares of Crown from $112.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.14.

Crown 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.