William Blair Investment Management LLC Sells 1,909,238 Shares of Crown Holdings, Inc. (NYSE:CCK)

William Blair Investment Management LLC reduced its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 99.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,792 shares of the industrial products company's stock after selling 1,909,238 shares during the period. William Blair Investment Management LLC's holdings in Crown were worth $562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 256 shares during the period. Brooklyn Investment Group bought a new stake in Crown in the third quarter valued at about $44,000. GAMMA Investing LLC lifted its stake in Crown by 84.2% in the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after buying an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after buying an additional 117 shares during the last quarter. Finally, True Wealth Design LLC grew its position in shares of Crown by 6,850.0% during the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company's stock worth $67,000 after buying an additional 685 shares during the period. 90.93% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

CCK has been the topic of several recent analyst reports. Bank of America reduced their price objective 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. Truist Financial boosted their price target on shares of Crown from $103.00 to $104.00 and gave the company a "hold" rating in a report on Monday, January 6th. Royal Bank of Canada raised their price objective on Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Citigroup boosted their target price on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company raised their price target on Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $106.00.

Crown Stock Up 0.9 %

NYSE:CCK traded up $0.79 during trading hours on Monday, reaching $88.49. 1,073,823 shares of the stock were exchanged, compared to its average volume of 1,139,628. The stock has a market cap of $10.40 billion, a PE ratio of 24.86, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The firm has a 50 day moving average of $87.90 and a 200 day moving average of $89.51. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.26 dividend. This is a boost from Crown's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. Crown's dividend payout ratio (DPR) is presently 29.21%.

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.