OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $8.99 Million in Crown Holdings, Inc. $CCK

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK) in the second quarter, Holdings Channel reports. The institutional investor bought 87,300 shares of the industrial products company’s stock, valued at approximately $8,990,000.

A number of other large investors have also bought and sold shares of the business. Night Squared LP bought a new position in Crown in the 2nd quarter valued at $9,964,000. Integrated Investment Consultants LLC raised its holdings in shares of Crown by 65.4% in the second quarter. Integrated Investment Consultants LLC now owns 3,805 shares of the industrial products company’s stock valued at $392,000 after buying an additional 1,505 shares during the last quarter. Albar Capital Partners LLP acquired a new position in Crown during the 2nd quarter worth about $54,736,000. Qube Research & Technologies Ltd bought a new stake in Crown during the 2nd quarter worth about $2,326,000. Finally, Lombard Odier Asset Management Switzerland SA lifted its position in shares of Crown by 14.2% during the second quarter. Lombard Odier Asset Management Switzerland SA now owns 17,662 shares of the industrial products company’s stock worth $1,819,000 after purchasing an additional 2,199 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of CCK opened at $95.06 on Thursday. The firm’s 50 day moving average price is $96.18 and its two-hundred day moving average price is $98.96. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The firm has a market cap of $10.97 billion, a P/E ratio of 11.77, a PEG ratio of 1.28 and a beta of 0.76.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $1.99 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. On average, analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Monday. UBS Group reissued a “buy” rating and set a $117.00 price objective on shares of Crown in a report on Tuesday, October 21st. Mizuho raised their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Citigroup cut their price objective on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Finally, Wells Fargo & Company upped their target price on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.08.

About Crown

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.