Lombard Odier Asset Management Europe Ltd Has $9.81 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Lombard Odier Asset Management Europe Ltd reduced its position in Crown Holdings, Inc. (NYSE:CCK) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,818 shares of the industrial products company’s stock after selling 77,185 shares during the period. Lombard Odier Asset Management Europe Ltd owned about 0.11% of Crown worth $9,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Crown in the first quarter worth $27,000. Quest Partners LLC acquired a new position in shares of Crown in the 4th quarter valued at about $34,000. Mather Group LLC. acquired a new stake in shares of Crown during the first quarter worth approximately $32,000. Quarry LP lifted its position in Crown by 190.3% in the 4th quarter. Quarry LP now owns 421 shares of the industrial products company’s stock worth $39,000 after buying an additional 276 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Crown during the first quarter worth $41,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares of the company’s stock, valued at approximately $50,480,440.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the sale, the chief executive officer now owns 586,178 shares in the company, valued at approximately $50,323,381.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,000 shares of company stock worth $2,598,675. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of recent research reports. Barclays boosted their target price on Crown from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their target price on shares of Crown from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price target on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. UBS Group cut their target price on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America boosted their price target on Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.14.

Crown Price Performance

Shares of NYSE:CCK opened at $93.70 on Monday. The business’s 50 day moving average is $87.43 and its 200-day moving average is $82.17. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $11.31 billion, a PE ratio of 27.00, a PEG ratio of 2.13 and a beta of 0.85. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $94.46.

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

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.07%. Crown’s dividend payout ratio is currently 28.82%.

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.