Robeco Institutional Asset Management B.V. Purchases 19,313 Shares of Crown Holdings, Inc. (NYSE:CCK)

Robeco Institutional Asset Management B.V. increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 76.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,466 shares of the industrial products company's stock after acquiring an additional 19,313 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Crown were worth $4,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of Crown by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 158 shares during the last quarter. GAMMA Investing LLC raised its position in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after buying an additional 163 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock worth $49,000 after acquiring an additional 176 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Crown by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock worth $894,000 after buying an additional 183 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Crown by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the sale, the chief executive officer now directly owns 578,678 shares of the company's stock, valued at approximately $52,416,653.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the sale, the chief executive officer now owns 578,678 shares of the company's stock, valued at approximately $52,416,653.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Miller sold 1,006 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the transaction, the director now owns 12,424 shares of the company's stock, valued at $1,187,734.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,506 shares of company stock valued at $3,157,399 in the last ninety days. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CCK. Robert W. Baird upped their price objective on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Truist Financial upped their price objective on Crown from $95.00 to $103.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. UBS Group reduced their target price on shares of Crown from $112.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada increased their price objective on shares of Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Bank of America lifted their price objective on Crown from $98.00 to $102.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.62.

Crown Price Performance

Shares of NYSE CCK traded up $0.48 during mid-day trading on Friday, hitting $93.40. 750,539 shares of the stock traded hands, compared to its average volume of 1,191,240. The company has a market cap of $11.17 billion, a PE ratio of 115.31, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $93.43 and a two-hundred day simple moving average of $86.10. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, November 14th. Crown's dividend payout ratio is currently 123.46%.

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.