Natixis Advisors LLC Has $16.40 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Natixis Advisors LLC increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,080 shares of the industrial products company's stock after buying an additional 16,050 shares during the period. Natixis Advisors LLC owned about 0.14% of Crown worth $16,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Crown by 16.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 103,013 shares of the industrial products company's stock worth $8,163,000 after buying an additional 14,501 shares during the last quarter. Sei Investments Co. increased its position in shares of Crown by 139.2% in the second quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company's stock worth $9,104,000 after purchasing an additional 71,227 shares during the last quarter. Jensen Investment Management Inc. increased its position in shares of Crown by 7.8% in the third quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company's stock worth $9,676,000 after purchasing an additional 7,280 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Crown by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company's stock valued at $23,878,000 after acquiring an additional 10,295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Crown by 22.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 198,984 shares of the industrial products company's stock valued at $15,772,000 after acquiring an additional 36,895 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Up 0.4 %

Shares of CCK stock traded up $0.36 on Wednesday, hitting $89.90. The stock had a trading volume of 363,903 shares, compared to its average volume of 1,122,315. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 110.53, a P/E/G ratio of 1.99 and a beta of 0.85. The stock's 50 day moving average is $93.54 and its 200-day moving average is $86.68. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. As a group, research analysts expect that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 14th. Crown's payout ratio is 123.46%.

Insiders Place Their Bets

In other news, 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 sale, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total value of $679,350.00. Following the completion of the transaction, the chief executive officer now directly owns 578,678 shares of the company's stock, valued at $52,416,653.24. This represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,506 shares of company stock worth $3,157,399 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup raised their price target on Crown from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Truist Financial raised their price objective on Crown from $95.00 to $103.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Robert W. Baird raised their price objective on Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Barclays raised their price target on Crown from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price target on Crown from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.62.

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.