Crown Holdings, Inc. $CCK Shares Acquired by Altrinsic Global Advisors LLC

Altrinsic Global Advisors LLC boosted its stake in Crown Holdings, Inc. (NYSE:CCK) by 18.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,564 shares of the industrial products company’s stock after acquiring an additional 28,119 shares during the period. Crown accounts for 0.6% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 16th largest position. Altrinsic Global Advisors LLC owned approximately 0.16% of Crown worth $17,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in shares of Crown by 38.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 459,178 shares of the industrial products company’s stock valued at $44,354,000 after purchasing an additional 127,023 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Crown by 11.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 205,099 shares of the industrial products company’s stock worth $19,811,000 after purchasing an additional 20,362 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Crown by 1,923.6% in the third quarter. Lazard Asset Management LLC now owns 6,010 shares of the industrial products company’s stock valued at $581,000 after buying an additional 5,713 shares during the last quarter. Creative Planning increased its holdings in Crown by 9.2% in the third quarter. Creative Planning now owns 53,401 shares of the industrial products company’s stock valued at $5,158,000 after buying an additional 4,479 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Crown by 36.9% during the third quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after buying an additional 933,938 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Trading Up 1.0%

Shares of NYSE CCK opened at $105.13 on Friday. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $116.62. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70. 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 stock’s 50 day simple moving average is $108.22 and its 200 day simple moving average is $101.08.

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

Crown Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.35 per share. This is an increase from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 17th. Crown’s payout ratio is currently 16.33%.

Analysts Set New Price Targets

CCK has been the subject of several research reports. Mizuho lifted their target price on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Wolfe Research set a $115.00 price target on Crown in a research report on Friday, February 6th. Royal Bank Of Canada raised their price objective on Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Truist Financial reaffirmed a “buy” rating and issued a $135.00 price objective (up from $130.00) on shares of Crown in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $125.86.

Insider Transactions at Crown

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the transaction, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at $10,108,369.60. The trade was a 25.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total transaction of $830,025.00. Following the completion of the transaction, the chief executive officer owned 474,736 shares of the company’s stock, valued at approximately $52,539,033.12. This trade represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 101,988 shares of company stock worth $10,964,122. Corporate insiders own 0.90% of the company’s stock.

Crown Profile

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.