Crown Holdings, Inc. $CCK Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 86.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,180 shares of the industrial products company’s stock after selling 7,656 shares during the quarter. iA Global Asset Management Inc.’s holdings in Crown were worth $118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Crown by 2.1% during the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after buying an additional 93,045 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Crown by 19.3% in the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock worth $426,086,000 after buying an additional 670,412 shares during the last quarter. Invesco Ltd. grew its holdings in Crown by 33.6% during the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after acquiring an additional 886,471 shares during the period. Franklin Resources Inc. raised its position in Crown by 5.3% during the third quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after acquiring an additional 149,700 shares in the last quarter. Finally, Swedbank AB raised its position in Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock valued at $261,666,000 after acquiring an additional 47,613 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,000 shares of company stock worth $3,163,875. 0.90% of the stock is currently owned by insiders.

Crown Price Performance

Crown stock opened at $113.17 on Friday. The stock has a market capitalization of $12.65 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.87 and a beta of 0.60. The company’s fifty day moving average price is $100.57 and its 200 day moving average price is $104.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $116.62.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm posted $1.67 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 14th. Crown’s payout ratio is presently 22.29%.

Analyst Ratings Changes

CCK has been the topic of several recent research reports. Truist Financial lowered their price objective on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. DA Davidson decreased their target price on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Wells Fargo & Company lowered their price target on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target on the stock in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.14.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.