Candriam S.C.A. Lowers Stake in Crown Holdings, Inc. $CCK

Candriam S.C.A. lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,333 shares of the industrial products company’s stock after selling 61,874 shares during the quarter. Candriam S.C.A.’s holdings in Crown were worth $16,675,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. OLD National Bancorp IN increased its stake in shares of Crown by 507.7% during the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock worth $9,221,000 after acquiring an additional 74,814 shares during the period. Nordea Investment Management AB raised its stake in shares of Crown by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company’s stock worth $171,668,000 after buying an additional 36,540 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its stake in shares of Crown by 79.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 12,672 shares of the industrial products company’s stock valued at $1,305,000 after buying an additional 5,600 shares in the last quarter. Mount Capital Ltd boosted its position in shares of Crown by 11.8% during the 3rd quarter. Mount Capital Ltd now owns 309,600 shares of the industrial products company’s stock worth $29,904,000 after purchasing an additional 32,700 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Crown during the 4th quarter worth $3,855,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 1.7%

NYSE:CCK traded up $1.88 during mid-day trading on Friday, reaching $111.59. The company’s stock had a trading volume of 780,309 shares, compared to its average volume of 1,100,082. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The stock has a market cap of $12.47 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.84 and a beta of 0.60. The company’s fifty day simple moving average is $101.60 and its two-hundred day simple moving average is $104.36. Crown Holdings, Inc. has a twelve month low of $89.21 and a twelve month high of $116.62.

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. On average, equities analysts predict that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Announces Dividend

The business also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, May 14th. Crown’s payout ratio is currently 22.29%.

Analysts Set New Price Targets

Several brokerages have recently commented on CCK. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target on the stock in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Crown in a research report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price objective on the stock. Citigroup increased their price objective on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a report on Wednesday. Finally, Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average price target of $120.29.

Insider Buying and Selling at Crown

In related 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 transaction of $1,575,000.00. Following the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

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.