Natixis Advisors LLC Sells 35,931 Shares of Crown Holdings, Inc. (NYSE:CCK)

Natixis Advisors LLC trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,149 shares of the industrial products company's stock after selling 35,931 shares during the quarter. Natixis Advisors LLC owned 0.11% of Crown worth $11,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tidal Investments LLC increased its position in Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock worth $2,109,000 after buying an additional 12,058 shares during the last quarter. Nordea Investment Management AB increased its position in Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company's stock worth $90,511,000 after buying an additional 176,959 shares during the last quarter. Metropolis Capital Ltd increased its position in Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock worth $203,116,000 after buying an additional 1,000,605 shares during the last quarter. Quest Partners LLC increased its position in Crown by 3,676.8% in the third quarter. Quest Partners LLC now owns 9,593 shares of the industrial products company's stock worth $920,000 after buying an additional 9,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Crown by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock worth $67,183,000 after buying an additional 8,739 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

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Crown Price Performance

NYSE:CCK traded down $2.77 during trading hours on Friday, hitting $87.39. 5,027,471 shares of the company's stock traded hands, compared to its average volume of 1,139,892. The firm has a market cap of $10.27 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The business's fifty day simple moving average is $87.90 and its two-hundred day simple moving average is $89.52. 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 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 annualized dividend and a yield of 1.19%. This is a positive change from Crown's previous quarterly dividend of $0.25. Crown's payout ratio is 29.21%.

Wall Street Analyst Weigh In

CCK has been the subject of a number of recent research reports. UBS Group decreased their target price on Crown from $113.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Royal Bank of Canada raised their target price on Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Truist Financial lifted their price target on Crown from $103.00 to $104.00 and gave the company a "hold" rating in a research report on Monday, January 6th. Finally, Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Crown has a consensus rating of "Moderate Buy" and an average price target of $106.00.

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.