Janus Henderson Group PLC Trims Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Janus Henderson Group PLC trimmed its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 8.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,823,094 shares of the industrial products company's stock after selling 264,740 shares during the quarter. Janus Henderson Group PLC owned about 2.36% of Crown worth $270,678,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after purchasing an additional 163 shares during the last quarter. Covestor Ltd raised its holdings in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock worth $44,000 after purchasing an additional 277 shares during the last quarter. Brooklyn Investment Group bought a new stake in Crown during the 3rd quarter worth about $44,000. Blue Trust Inc. raised its holdings in Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock worth $48,000 after purchasing an additional 385 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Crown during the 3rd quarter worth about $48,000. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the sale, the chief operating officer now owns 114,402 shares of the company's stock, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the business's 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 owns 578,678 shares in the company, valued at $52,416,653.24. The trade was a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,506 shares of company stock worth $3,157,399. 0.90% of the stock is owned by insiders.

Crown Trading Up 0.1 %

Shares of CCK stock traded up $0.05 during mid-day trading on Wednesday, reaching $92.06. 1,188,097 shares of the stock traded hands, compared to its average volume of 1,122,152. The stock's fifty day simple moving average is $93.34 and its two-hundred day simple moving average is $87.27. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 113.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.84. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

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

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Thursday, November 14th. Crown's payout ratio is 123.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCK. Robert W. Baird upped their price target on Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Morgan Stanley upped their price target on Crown from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Loop Capital upped their price target on Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Royal Bank of Canada boosted their price objective on Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on Crown from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.