Crown Holdings, Inc. $CCK Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,340 shares of the industrial products company’s stock after selling 692 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Crown were worth $2,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eisler Capital Management Ltd. purchased a new position in Crown during the second quarter worth about $474,000. Prudential Financial Inc. lifted its holdings in shares of Crown by 35.1% in the 2nd quarter. Prudential Financial Inc. now owns 305,043 shares of the industrial products company’s stock worth $31,413,000 after acquiring an additional 79,291 shares during the last quarter. Tableaux LLC purchased a new position in shares of Crown during the 2nd quarter worth approximately $1,143,000. Evelyn Partners Investment Management LLP boosted its position in shares of Crown by 188.2% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 3,505 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 2,289 shares during the period. Finally, AXQ Capital LP increased its holdings in Crown by 16.1% in the 2nd quarter. AXQ Capital LP now owns 5,512 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 763 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Trading Up 2.0%

NYSE:CCK opened at $97.16 on Wednesday. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48. The firm has a market cap of $11.21 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The stock has a fifty day moving average price of $95.88 and a 200 day moving average price of $99.09.

Crown (NYSE:CCK) last posted its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company 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. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a $0.26 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s payout ratio is currently 12.87%.

Analysts Set New Price Targets

A number of research analysts have commented on CCK shares. Truist Financial restated a “buy” rating and set a $126.00 price target (up from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. Mizuho boosted their price objective on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Citigroup decreased their target price on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. Royal Bank Of Canada lifted their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research note on Wednesday, November 19th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.08.

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.