Landscape Capital Management L.L.C. Invests $858,000 in Crown Holdings, Inc. (NYSE:CCK)

Landscape Capital Management L.L.C. purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,374 shares of the industrial products company's stock, valued at approximately $858,000.

Several other institutional investors have also recently bought and sold shares of CCK. Tidal Investments LLC grew its holdings in Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock valued at $2,109,000 after buying an additional 12,058 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of 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 acquiring an additional 176,959 shares during the last quarter. Metropolis Capital Ltd boosted 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 valued at $203,116,000 after buying an additional 1,000,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Crown by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock worth $67,183,000 after acquiring an additional 8,739 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Crown in the 3rd quarter valued at approximately $861,000. Institutional investors own 90.93% of the company's stock.

Crown Stock Performance

Shares of NYSE:CCK traded up $1.72 during midday trading on Friday, hitting $83.75. The stock had a trading volume of 846,487 shares, compared to its average volume of 1,199,842. The company has a market capitalization of $9.80 billion, a PE ratio of 23.53, a P/E/G ratio of 1.56 and a beta of 0.79. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The stock has a 50 day moving average price of $87.56 and a two-hundred day moving average price of $88.83. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

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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 (EPS) 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%. As a group, equities analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.26 per share. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.24%. Crown's payout ratio is currently 29.21%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Royal Bank of Canada increased their target price on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Mizuho lowered their price objective on Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Bank of America decreased their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Truist Financial increased their price objective on Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.00.

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.