Crown Holdings, Inc. $CCK Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,994 shares of the industrial products company’s stock after purchasing an additional 8,429 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.19% of Crown worth $22,861,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CCK. Northern Trust Corp grew its position in Crown by 13.7% during the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock worth $110,883,000 after purchasing an additional 149,339 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Crown during the first quarter worth about $762,000. Applied Finance Capital Management LLC acquired a new stake in shares of Crown during the second quarter worth about $304,000. Chicago Partners Investment Group LLC grew its holdings in shares of Crown by 94.3% during the second quarter. Chicago Partners Investment Group LLC now owns 5,793 shares of the industrial products company’s stock worth $610,000 after buying an additional 2,812 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Crown by 4.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 115 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCK. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a report on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $117.00 target price on shares of Crown in a research note on Tuesday, October 21st. Bank of America boosted their price target on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.08.

Crown Stock Up 0.1%

Shares of NYSE CCK opened at $97.28 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The stock’s 50-day simple moving average is $95.58 and its 200-day simple moving average is $98.67. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.30 and a beta of 0.73.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, November 6th. Crown’s payout ratio is 12.87%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

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.