XTX Topco Ltd Trims Holdings in Crown Holdings, Inc. (NYSE:CCK)

XTX Topco Ltd reduced its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 37.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,919 shares of the industrial products company’s stock after selling 4,167 shares during the period. XTX Topco Ltd’s holdings in Crown were worth $515,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in shares of Crown by 5.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,294 shares of the industrial products company’s stock worth $856,000 after buying an additional 503 shares during the last quarter. UBS Group AG grew its stake in shares of Crown by 21.7% in the 4th quarter. UBS Group AG now owns 225,864 shares of the industrial products company’s stock valued at $20,800,000 after purchasing an additional 40,318 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Crown by 14.4% in the fourth quarter. Wells Fargo & Company MN now owns 165,255 shares of the industrial products company’s stock valued at $15,218,000 after purchasing an additional 20,830 shares during the period. Quest Partners LLC purchased a new stake in shares of Crown during the fourth quarter worth approximately $34,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Crown by 1,644.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 41,537 shares of the industrial products company’s stock worth $3,825,000 after purchasing an additional 39,156 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Crown from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Loop Capital increased their price target on shares of Crown from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Crown in a report on Tuesday. Truist Financial increased their target price on Crown from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, UBS Group decreased their price target on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.14.

Insider Transactions at Crown

In related news, Director James H. Miller sold 1,006 shares of Crown stock in a transaction dated 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 sale, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’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 transaction, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the transaction, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. The disclosure for this sale can be found here. Insiders sold a total of 31,006 shares of company stock valued at $2,694,849 over the last three months. 0.90% of the stock is currently owned by insiders.

Crown Trading Up 0.3 %

Shares of CCK stock opened at $95.72 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $96.36. 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 business has a fifty day simple moving average of $88.19 and a 200-day simple moving average of $82.42. The stock has a market cap of $11.56 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.13 and a beta of 0.85.

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

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, August 15th. Crown’s payout ratio is 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.