Blair William & Co. IL Sells 1,127 Shares of Crown Holdings, Inc. (NYSE:CCK)

Blair William & Co. IL trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 8.3% during the first quarter, HoldingsChannel reports. The firm owned 12,446 shares of the industrial products company’s stock after selling 1,127 shares during the quarter. Blair William & Co. IL’s holdings in Crown were worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCK. Vanguard Group Inc. raised its holdings in shares of Crown by 1.2% during the first quarter. Vanguard Group Inc. now owns 11,764,656 shares of the industrial products company’s stock worth $1,471,641,000 after acquiring an additional 143,049 shares during the period. FMR LLC raised its holdings in shares of Crown by 8.1% during the first quarter. FMR LLC now owns 4,645,714 shares of the industrial products company’s stock worth $384,247,000 after acquiring an additional 347,405 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Crown by 1.1% during the first quarter. Victory Capital Management Inc. now owns 3,966,350 shares of the industrial products company’s stock worth $328,057,000 after acquiring an additional 43,186 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Crown by 1.2% during the first quarter. William Blair Investment Management LLC now owns 2,865,301 shares of the industrial products company’s stock worth $236,989,000 after acquiring an additional 33,829 shares during the period. Finally, Impax Asset Management Group plc raised its holdings in shares of Crown by 0.3% during the first quarter. Impax Asset Management Group plc now owns 1,717,654 shares of the industrial products company’s stock worth $142,067,000 after acquiring an additional 5,239 shares during the period. 95.18% of the stock is owned by institutional investors.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 9,784 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $92.24, for a total value of $902,476.16. Following the completion of the sale, the chief operating officer now owns 123,399 shares of the company’s stock, valued at approximately $11,382,323.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crown news, VP Christy L. Kalaus sold 1,914 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.67, for a total value of $173,542.38. Following the completion of the sale, the vice president now owns 7,500 shares of the company’s stock, valued at approximately $680,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gerard H. Gifford sold 9,784 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $92.24, for a total transaction of $902,476.16. Following the completion of the sale, the chief operating officer now directly owns 123,399 shares of the company’s stock, valued at approximately $11,382,323.76. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Crown Stock Performance

Shares of CCK stock opened at $88.94 on Friday. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.98 and a beta of 1.10. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.76 and a current ratio of 1.30. The company has a 50-day simple moving average of $89.84 and a 200 day simple moving average of $84.92. Crown Holdings, Inc. has a 52 week low of $66.00 and a 52 week high of $100.39.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 24th. The industrial products company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.65 by $0.03. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.46 billion. Crown had a net margin of 3.84% and a return on equity of 27.45%. Crown’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 EPS. On average, sell-side analysts predict that Crown Holdings, Inc. will post 6.19 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, August 9th. Crown’s dividend payout ratio is currently 24.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCK. Wells Fargo & Company raised their price objective on shares of Crown from $80.00 to $86.00 in a report on Wednesday, July 26th. Bank of America lowered their price target on shares of Crown from $106.00 to $101.00 in a research note on Monday, July 10th. Royal Bank of Canada lifted their price target on shares of Crown from $97.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Jefferies Financial Group lifted their price target on shares of Crown from $108.00 to $124.00 in a research note on Tuesday, July 18th. Finally, StockNews.com lowered shares of Crown from a “hold” rating to a “sell” rating in a research note on Saturday, September 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.38.

About Crown

Crown Holdings, Inc, together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps.