6,610 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,610 shares of the industrial products company's stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Crown during the fourth quarter valued at about $1,884,000. Victory Capital Management Inc. raised its holdings in shares of Crown by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock worth $477,923,000 after acquiring an additional 102,789 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Crown by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock valued at $67,183,000 after acquiring an additional 8,739 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Crown by 325.1% in the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after purchasing an additional 647 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Crown by 3.8% in the fourth quarter. Metis Global Partners LLC now owns 5,349 shares of the industrial products company's stock worth $442,000 after purchasing an additional 194 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages have commented on CCK. Truist Financial lifted their price objective on shares of Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Bank of America cut their target price on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Citigroup boosted their price objective on shares of Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, January 6th. UBS Group reduced their target price on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Finally, Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.00.

Crown Stock Down 0.5 %

Shares of NYSE:CCK traded down $0.50 during trading hours on Monday, hitting $91.24. The company's stock had a trading volume of 2,071,304 shares, compared to its average volume of 1,385,551. The firm's fifty day moving average price is $86.18 and its 200 day moving average price is $89.55. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Crown's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. Crown's dividend payout ratio (DPR) is 29.21%.

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.