2,531 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. acquired a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,531 shares of the industrial products company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Crown in the 4th quarter valued at approximately $26,000. Fifth Third Bancorp raised its holdings in Crown by 46.0% in the third quarter. Fifth Third Bancorp now owns 1,009 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 318 shares in the last quarter. Picton Mahoney Asset Management lifted its position in Crown by 53.9% during the third quarter. Picton Mahoney Asset Management now owns 1,036 shares of the industrial products company’s stock valued at $92,000 after buying an additional 363 shares during the period. CWM LLC boosted its holdings in shares of Crown by 28.3% during the 4th quarter. CWM LLC now owns 1,627 shares of the industrial products company’s stock valued at $150,000 after buying an additional 359 shares in the last quarter. Finally, RKL Wealth Management LLC purchased a new stake in shares of Crown in the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 22,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the completion of the sale, the chief executive officer now owns 616,178 shares in the company, valued at $52,486,042.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wolfe Research initiated coverage on shares of Crown in a research note on Friday, March 1st. They set an “outperform” rating and a $102.00 price objective on the stock. Royal Bank of Canada dropped their price target on Crown from $110.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Robert W. Baird raised their price objective on Crown from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Morgan Stanley assumed coverage on Crown in a report on Monday, March 18th. They issued an “equal weight” rating and a $87.00 target price on the stock. Finally, Mizuho reduced their price target on Crown from $105.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.29.

Crown Price Performance

NYSE CCK opened at $83.80 on Friday. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $96.35. The stock has a 50-day moving average of $78.76 and a 200 day moving average of $82.72. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.77 and a current ratio of 1.19. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.77 and a beta of 0.88.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Crown had a net margin of 3.51% and a return on equity of 23.95%. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm posted $1.20 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 5.94 EPS for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. Crown’s dividend payout ratio is presently 28.82%.

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.