Generali Asset Management SPA SGR Sells 5,025 Shares of Crown Holdings, Inc. $CCK

Generali Asset Management SPA SGR lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 20.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,932 shares of the industrial products company’s stock after selling 5,025 shares during the period. Generali Asset Management SPA SGR’s holdings in Crown were worth $1,925,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CCK. Norges Bank bought a new stake in Crown in the second quarter worth about $184,046,000. Invesco Ltd. increased its stake in shares of Crown by 58.6% during the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after purchasing an additional 1,007,980 shares during the last quarter. Swedbank AB increased its stake in shares of Crown by 60.8% during the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after purchasing an additional 943,045 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Crown by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock worth $260,835,000 after purchasing an additional 765,136 shares during the period. Finally, Albar Capital Partners LLP purchased a new position in Crown in the second quarter valued at approximately $54,736,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $126.00 target price (up from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Wells Fargo & Company increased their price target on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and an average target price of $118.08.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 8,476 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $105.01, for a total value of $890,064.76. Following the completion of the transaction, the chief executive officer directly owned 440,580 shares of the company’s stock, valued at $46,265,305.80. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction 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 transaction, the chief operating officer owned 96,841 shares of the company’s stock, valued at $9,782,877.82. This trade represents a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by insiders.

Crown Price Performance

Shares of NYSE CCK opened at $104.21 on Friday. 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 fifty-two week low of $75.98 and a fifty-two week high of $109.48. The stock has a market cap of $12.02 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.75. The stock has a fifty day moving average of $98.88 and a 200-day moving average of $99.33.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.The firm’s revenue 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 and its FY 2025 guidance at 7.700-7.80 EPS. Equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The company 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 1.0%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is 12.87%.

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.