Pallas Capital Advisors LLC Has $372,000 Position in Crown Holdings, Inc. (NYSE:CCK)

Pallas Capital Advisors LLC trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 51.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,497 shares of the industrial products company's stock after selling 4,690 shares during the period. Pallas Capital Advisors LLC's holdings in Crown were worth $372,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in Crown by 9.3% in the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock worth $842,556,000 after purchasing an additional 749,085 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company's stock valued at $544,301,000 after buying an additional 412,973 shares during the period. State Street Corp raised its position in shares of Crown by 1.8% during the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock worth $383,559,000 after acquiring an additional 69,260 shares during the last quarter. Sessa Capital IM L.P. lifted its stake in shares of Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company's stock valued at $244,697,000 after acquiring an additional 1,989,374 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Crown by 4.2% in the third quarter. Geode Capital Management LLC now owns 2,061,869 shares of the industrial products company's stock valued at $197,242,000 after acquiring an additional 82,764 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the sale, the chief operating officer now directly owns 114,402 shares of the company's stock, valued at approximately $10,970,007.78. This represents a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares of the company's stock, valued at $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a report on Monday, January 6th. UBS Group cut their price objective on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Royal Bank of Canada lifted their target price on shares of Crown from $105.00 to $113.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on Crown from $88.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Mizuho reduced their price target on Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $105.46.

Crown Stock Up 0.7 %

Shares of NYSE CCK traded up $0.55 during mid-day trading on Thursday, reaching $85.17. 1,218,872 shares of the company's stock were exchanged, compared to its average volume of 1,241,987. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 105.15, a PEG ratio of 1.51 and a beta of 0.86. The business has a fifty day simple moving average of $86.91 and a 200 day simple moving average of $87.88.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.81 by $0.18. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. As a group, equities analysts expect that Crown Holdings, Inc. will post 6.35 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. Crown's dividend payout ratio (DPR) is 123.46%.

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.