Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,031 shares of the industrial products company's stock after selling 17,579 shares during the period. Cerity Partners LLC's holdings in Crown were worth $1,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CCK. Mirae Asset Global Investments Co. Ltd. boosted its position in Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after buying an additional 117 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Crown by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock valued at $237,000 after acquiring an additional 125 shares during the last quarter. Spire Wealth Management increased its stake in shares of Crown by 16.2% in the fourth quarter. Spire Wealth Management now owns 992 shares of the industrial products company's stock worth $82,000 after acquiring an additional 138 shares during the period. Marshall & Sullivan Inc. WA raised its holdings in shares of Crown by 0.3% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company's stock worth $4,735,000 after purchasing an additional 155 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Crown by 0.4% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company's stock valued at $3,758,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CCK shares. Barclays reduced their price objective on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Mizuho decreased their price target on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Truist Financial decreased their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, UBS Group dropped their price target 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

Crown Price Performance

NYSE:CCK traded up $2.75 during trading hours on Tuesday, hitting $86.97. 992,848 shares of the stock were exchanged, compared to its average volume of 1,197,919. The firm's fifty day moving average price is $87.21 and its 200 day moving average price is $88.30. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The company has a market cap of $10.17 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.56 and a beta of 0.79. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

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

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Crown's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.20%. Crown's payout ratio is presently 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.