Chartwell Investment Partners LLC Has $1.79 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

by · The Cerbat Gem

Chartwell Investment Partners LLC reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK – Free Report) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,628 shares of the industrial products company’s stock after selling 2,669 shares during the period. Chartwell Investment Partners LLC’s holdings in Crown were worth $1,786,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of Crown in the first quarter valued at approximately $463,000. SG Americas Securities LLC increased its holdings in Crown by 40.9% during the first quarter. SG Americas Securities LLC now owns 5,392 shares of the industrial products company’s stock worth $427,000 after buying an additional 1,564 shares during the last quarter. Sei Investments Co. increased its holdings in Crown by 108.5% during the first quarter. Sei Investments Co. now owns 51,153 shares of the industrial products company’s stock worth $4,054,000 after buying an additional 26,624 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Crown by 21.0% during the first quarter. Russell Investments Group Ltd. now owns 341,216 shares of the industrial products company’s stock worth $27,045,000 after buying an additional 59,267 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in Crown by 1,127.4% during the first quarter. Entropy Technologies LP now owns 27,456 shares of the industrial products company’s stock worth $2,176,000 after purchasing an additional 25,219 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Price Performance

CCK opened at $94.00 on Wednesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46. The stock has a market capitalization of $11.24 billion, a PE ratio of 116.04, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. The stock’s 50 day moving average price is $93.58 and its 200-day moving average price is $86.40.

Crown (NYSE:CCK – Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.34 EPS for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, November 14th. Crown’s dividend payout ratio (DPR) is 123.46%.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the transaction, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction dated 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 directly owns 12,424 shares in the company, valued at $1,187,734.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,506 shares of company stock valued at $3,157,399. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on CCK. Citigroup lifted their price objective on shares of Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on Crown from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Loop Capital boosted their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday, October 26th. Finally, Bank of America upped their price objective on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Check Out Our Latest Stock Analysis on CCK

About Crown

(Free Report)

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.

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