Lombard Odier Asset Management Europe Ltd Sells 76,301 Shares of Crown Holdings, Inc. $CCK

Lombard Odier Asset Management Europe Ltd cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 31.7% during the first quarter, HoldingsChannel reports. The firm owned 164,707 shares of the industrial products company’s stock after selling 76,301 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Crown were worth $16,512,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its position in shares of Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after purchasing an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Crown in the first quarter valued at $111,000. NewEdge Advisors LLC lifted its holdings in shares of Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock worth $528,000 after acquiring an additional 351 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Crown by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after purchasing an additional 127,737 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Key Stories Impacting Crown

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a research note on Wednesday. Truist Financial restated a “buy” rating and issued a $141.00 price target (up from $129.00) on shares of Crown in a report on Wednesday. Mizuho raised their price target on shares of Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. downgraded shares of Crown from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $107.00 to $121.00 in a research note on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.20.

Crown Trading Up 3.0%

NYSE CCK opened at $117.88 on Friday. The company’s 50-day simple moving average is $104.60 and its two-hundred day simple moving average is $105.16. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $121.76. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.60. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.70 and a current ratio of 1.05.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. Crown’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities analysts forecast that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s payout ratio is 20.14%.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is 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.