Envestnet Asset Management Inc. Reduces Stock Position in Crown Holdings, Inc. $CCK

Envestnet Asset Management Inc. lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,922 shares of the industrial products company’s stock after selling 17,072 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of Crown worth $19,793,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CCK. Hennessy Advisors Inc. acquired a new stake in shares of Crown during the third quarter valued at approximately $43,417,000. CWM LLC grew its position in Crown by 73.3% during the 3rd quarter. CWM LLC now owns 72,075 shares of the industrial products company’s stock worth $6,962,000 after purchasing an additional 30,488 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Crown during the 3rd quarter valued at $15,472,000. Vinva Investment Management Ltd lifted its holdings in shares of Crown by 152.9% in the second quarter. Vinva Investment Management Ltd now owns 194,348 shares of the industrial products company’s stock valued at $20,393,000 after purchasing an additional 117,494 shares in the last quarter. Finally, Greenland Capital Management LP purchased a new stake in shares of Crown in the second quarter valued at $589,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 0.3%

CCK opened at $110.76 on Friday. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $115.85. The stock has a market capitalization of $12.78 billion, a PE ratio of 17.39, a PEG ratio of 1.29 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 1.55. The firm has a 50-day moving average price of $104.33 and a two-hundred day moving average price of $99.59.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. Crown’s revenue for the quarter was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CCK. Wells Fargo & Company boosted their target price on Crown from $106.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Royal Bank Of Canada boosted their price target on Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. UBS Group set a $126.00 price objective on shares of Crown and gave the company a “neutral” rating in a research report on Monday, February 9th. Raymond James Financial restated an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $135.00 price objective (up previously from $130.00) on shares of Crown in a research note on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.86.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 29,024 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the sale, the chief executive officer owned 411,556 shares of the company’s stock, valued at $43,213,380. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer owned 96,841 shares of the company’s stock, valued at $9,782,877.82. The trade was a 16.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 64,754 shares of company stock worth $6,720,634. Company insiders own 0.90% of the company’s stock.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.