Candriam S.C.A. Decreases Holdings in Crown Holdings, Inc. (NYSE:CCK)

Candriam S.C.A. reduced its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 55.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 171,737 shares of the industrial products company's stock after selling 212,693 shares during the period. Candriam S.C.A. owned approximately 0.14% of Crown worth $14,201,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CCK. FMR LLC increased its holdings in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock valued at $842,556,000 after purchasing an additional 749,085 shares during the period. Victory Capital Management Inc. grew its position in Crown by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock valued at $477,923,000 after buying an additional 102,789 shares during the last quarter. State Street Corp increased its stake in Crown by 1.8% in the 3rd quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock valued at $383,559,000 after buying an additional 69,260 shares during the period. Pacer Advisors Inc. raised its position in Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock worth $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Crown by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock worth $245,408,000 after buying an additional 283,014 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently weighed in on the company. Truist Financial lifted their price target on Crown from $103.00 to $104.00 and gave the company a "hold" rating in a research note on Monday, January 6th. UBS Group decreased their target price on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Morgan Stanley upgraded shares of Crown from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $109.00 to $105.00 in a report on Monday, January 13th. Bank of America decreased their price objective on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Crown presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

Crown Trading Down 0.5 %

Shares of NYSE:CCK traded down $0.50 during midday trading on Monday, reaching $91.24. The company's stock had a trading volume of 2,071,304 shares, compared to its average volume of 1,132,771. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The business has a 50 day moving average price of $86.18 and a 200 day moving average price of $89.55. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating 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%. Research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.26 dividend. This is a positive change from Crown's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, March 18th. Crown's payout ratio is currently 29.21%.

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.