BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Holdings in Crown Holdings, Inc. (NYSE:CCK)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 87.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,585 shares of the industrial products company's stock after purchasing an additional 52,676 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.09% of Crown worth $8,375,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Crown in the fourth quarter valued at about $1,925,000. CWM LLC grew its holdings in shares of Crown by 28.3% during the 4th quarter. CWM LLC now owns 1,627 shares of the industrial products company's stock valued at $150,000 after purchasing an additional 359 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Crown during the 4th quarter worth approximately $233,000. New York Life Investment Management LLC boosted its position in Crown by 2.9% in the fourth quarter. New York Life Investment Management LLC now owns 13,593 shares of the industrial products company's stock valued at $1,252,000 after buying an additional 380 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its position in Crown by 62.4% in the fourth quarter. Natixis Advisors L.P. now owns 349,266 shares of the industrial products company's stock valued at $32,163,000 after buying an additional 134,250 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total value of $1,275,450.00. Following the transaction, the chief executive officer now owns 593,678 shares in the company, valued at $50,480,440.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares in the company, valued at approximately $50,323,381.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 15,000 shares of the firm's stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the sale, the chief executive officer now owns 593,678 shares of the company's stock, valued at approximately $50,480,440.34. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock worth $2,665,695 over the last three months. 0.90% of the stock is currently owned by insiders.

Crown Trading Up 1.4 %

CCK traded up $1.26 during trading on Friday, hitting $90.41. The company's stock had a trading volume of 899,666 shares, compared to its average volume of 969,635. The firm has a market capitalization of $10.91 billion, a P/E ratio of 26.05, a PEG ratio of 2.14 and a beta of 0.85. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $94.49. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The stock's fifty day moving average price is $82.36 and its 200-day moving average price is $80.45.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.22. Crown had a net margin of 3.68% and a return on equity of 23.96%. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Crown Holdings, Inc. will post 6.16 EPS for the current year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, August 15th. Crown's dividend payout ratio (DPR) is 28.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCK. UBS Group dropped their price target on Crown from $112.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Loop Capital lifted their price target on Crown from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Truist Financial upped their price objective on Crown from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Morgan Stanley lifted their target price on shares of Crown from $89.00 to $92.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $100.21.

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.