SEB Asset Management AB Takes $54.29 Million Position in Crown Holdings, Inc. $CCK

SEB Asset Management AB acquired a new position in Crown Holdings, Inc. (NYSE:CCK) during the 1st quarter, Holdings Channel reports. The fund acquired 541,560 shares of the industrial products company’s stock, valued at approximately $54,291,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in Crown during the third quarter worth about $29,000. ORG Partners LLC raised its position in shares of Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Crown during the 4th quarter valued at $42,000. Finally, Smartleaf Asset Management LLC increased its position in Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after buying an additional 151 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company increased their price objective on Crown from $109.00 to $117.00 and gave the company an “equal weight” rating in a research note on Wednesday. DA Davidson decreased their price target on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Truist Financial lowered their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Crown in a research note on Wednesday, April 1st. They set a “buy” rating and a $124.00 price objective on the stock. Finally, UBS Group lowered their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.07.

Crown Stock Performance

NYSE:CCK opened at $117.36 on Friday. The company has a market cap of $13.11 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.96 and a beta of 0.60. The firm’s 50 day moving average is $102.90 and its two-hundred day moving average is $104.72. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $118.50. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Analysts expect that Crown Holdings, Inc. will post 8.06 EPS for the current year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is currently 22.29%.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company insiders.

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.