DekaBank Deutsche Girozentrale Has $1.30 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

DekaBank Deutsche Girozentrale grew its position in Crown Holdings, Inc. (NYSE:CCK) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,047 shares of the industrial products company’s stock after buying an additional 332 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Crown were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Crown by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 11,764,656 shares of the industrial products company’s stock valued at $1,471,641,000 after acquiring an additional 143,049 shares during the period. BlackRock Inc. boosted its stake in shares of Crown by 6.2% during the 1st quarter. BlackRock Inc. now owns 7,052,732 shares of the industrial products company’s stock worth $583,332,000 after buying an additional 410,225 shares during the last quarter. Victory Capital Management Inc. boosted its position in Crown by 9.6% during the third quarter. Victory Capital Management Inc. now owns 4,786,441 shares of the industrial products company’s stock valued at $423,504,000 after purchasing an additional 418,220 shares during the last quarter. FMR LLC grew its stake in shares of Crown by 8.6% in the third quarter. FMR LLC now owns 3,776,097 shares of the industrial products company’s stock valued at $334,109,000 after buying an additional 298,766 shares in the last quarter. Finally, State Street Corp grew its position in shares of Crown by 55.5% in the 2nd quarter. State Street Corp now owns 3,709,202 shares of the industrial products company’s stock valued at $322,218,000 after acquiring an additional 1,323,107 shares during the period. 90.93% of the stock is owned by institutional investors.

Crown Trading Down 2.8 %

NYSE:CCK opened at $77.31 on Monday. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $96.35. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.77 and a current ratio of 1.15. The firm’s fifty day moving average is $76.92 and its 200-day moving average is $83.14. The firm has a market cap of $9.34 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.61 and a beta of 0.91.

Crown (NYSE:CCK) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.19). Crown had a return on equity of 25.75% and a net margin of 3.75%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that Crown Holdings, Inc. will post 5.91 earnings per share for the current year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.25 per share. This is an increase from Crown’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, March 13th. Crown’s dividend payout ratio is 26.60%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wolfe Research started coverage on Crown in a research note on Friday, March 1st. They set an “outperform” rating and a $102.00 target price for the company. Morgan Stanley assumed coverage on Crown in a research note on Monday, March 18th. They set an “equal weight” rating and a $87.00 price objective on the stock. Truist Financial restated a “hold” rating and issued a $88.00 target price (down from $100.00) on shares of Crown in a research report on Wednesday, March 27th. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Wednesday, February 7th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $90.00 price objective on shares of Crown in a research note on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average target price of $99.21.

Crown Company 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.