Greenland Capital Management LP Makes New Investment in Crown Holdings, Inc. (NYSE:CCK)

Greenland Capital Management LP purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,146 shares of the industrial products company's stock, valued at approximately $426,000.

A number of other institutional investors have also recently bought and sold shares of CCK. Tidal Investments LLC lifted its holdings in shares of Crown by 121.3% during the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock worth $2,109,000 after acquiring an additional 12,058 shares during the period. Nordea Investment Management AB boosted its position in Crown by 19.3% during the 4th 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 period. Metropolis Capital Ltd grew its stake in shares of 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 purchasing an additional 1,000,605 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 valued at $67,183,000 after buying an additional 8,739 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Crown during the third quarter worth about $861,000. Institutional investors own 90.93% of the company's stock.

Crown Stock Up 1.9 %

NYSE CCK traded up $1.57 during mid-day trading on Monday, hitting $85.41. The company's stock had a trading volume of 250,619 shares, compared to its average volume of 1,383,650. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The company's 50 day simple moving average is $87.53 and its 200 day simple moving average is $88.71. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.56 and a beta of 0.79.

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Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share 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%. Analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.22%. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. Crown's payout ratio is currently 29.21%.

Analysts Set New Price Targets

CCK has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Truist Financial increased their price objective on shares of Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Bank of America cut their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, Barclays cut their target price on Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Crown has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

Crown Company 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.