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

Lombard Odier Asset Management Europe Ltd reduced its stake in Crown Holdings, Inc. (NYSE:CCK) by 31.7% during the first quarter, according to its most recent filing with the SEC. The fund 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.

Several other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Crown by 14.7% during the first quarter. NewEdge Advisors LLC now owns 15,304 shares of the industrial products company’s stock worth $1,534,000 after buying an additional 1,959 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Crown by 187.6% during the 1st quarter. Edgestream Partners L.P. now owns 26,806 shares of the industrial products company’s stock valued at $2,687,000 after acquiring an additional 17,487 shares during the period. Bull Harbor Capital LLC purchased a new stake in shares of Crown during the 1st quarter worth approximately $736,000. California State Teachers Retirement System raised its holdings in shares of Crown by 21.1% in the 1st quarter. California State Teachers Retirement System now owns 133,072 shares of the industrial products company’s stock worth $13,340,000 after purchasing an additional 23,193 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Crown by 61.8% in the 1st quarter. Royal Bank of Canada now owns 163,706 shares of the industrial products company’s stock worth $16,412,000 after purchasing an additional 62,545 shares during the period. Institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

CCK has been the subject of several research reports. BMO Capital Markets increased their price target on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Robert W. Baird boosted their price objective on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Truist Financial reaffirmed a “buy” rating and set a $141.00 price objective (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. JPMorgan Chase & Co. downgraded shares of Crown from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $107.00 to $121.00 in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Crown in a research report on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.20.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’s 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 transaction, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Trading Up 0.3%

Crown stock opened at $118.17 on Monday. The stock has a market cap of $13.21 billion, a P/E ratio of 17.00, a PEG ratio of 1.65 and a beta of 0.59. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $121.90. The firm’s fifty day moving average price is $106.86 and its 200-day moving average price is $105.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05.

Crown (NYSE:CCK) last posted 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 during the quarter, compared to analyst estimates of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned $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 research analysts forecast that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown’s payout ratio is presently 20.14%.

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.