iA Global Asset Management Inc. Decreases Stake in Crown Holdings, Inc. $CCK

iA Global Asset Management Inc. lessened its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 86.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,180 shares of the industrial products company’s stock after selling 7,656 shares during the period. iA Global Asset Management Inc.’s holdings in Crown were worth $118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCK. State Street Corp lifted its stake in Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock worth $436,078,000 after purchasing an additional 93,045 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Crown by 19.3% in the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after purchasing an additional 670,412 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Crown by 33.6% in the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after purchasing an additional 886,471 shares during the last quarter. Franklin Resources Inc. lifted its position in Crown by 5.3% during the third quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock worth $287,823,000 after buying an additional 149,700 shares in the last quarter. Finally, Swedbank AB boosted its stake in Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after buying an additional 47,613 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Down 0.1%

Shares of NYSE:CCK opened at $113.17 on Friday. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.87 and a beta of 0.60. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $116.62. The business has a 50-day moving average price of $100.57 and a 200 day moving average price of $104.05. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm posted $1.67 earnings per share. Crown’s revenue was up 12.9% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Sell-side analysts expect 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. Investors of record on Thursday, May 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCK. UBS Group reduced their price target on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. raised shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price on the stock in a research note on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Finally, DA Davidson dropped their price target on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Twelve 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.14.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 30,000 shares of company stock valued at $3,163,875. 0.90% of the stock is currently owned by company 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.