Pacer Advisors Inc. Sells 536,168 Shares of Crown Holdings, Inc. $CCK

Pacer Advisors Inc. lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 97.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,261 shares of the industrial products company’s stock after selling 536,168 shares during the period. Pacer Advisors Inc.’s holdings in Crown were worth $1,329,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCK. State Street Corp grew its stake in shares of Crown by 2.1% in the third 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 during the last quarter. AQR Capital Management LLC lifted its holdings in Crown by 19.3% in the 4th quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock worth $426,086,000 after buying an additional 670,412 shares during the period. Invesco Ltd. lifted its holdings in Crown by 33.6% in the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after buying an additional 886,471 shares during the period. Swedbank AB increased its stake in shares of Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock valued at $261,666,000 after buying an additional 47,613 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Crown by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock valued at $198,186,000 after acquiring an additional 32,112 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Mizuho lifted their price target on shares of Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Raymond James Financial lifted their target price on shares of Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Citigroup reiterated a “buy” rating on shares of Crown in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $107.00 to $121.00 in a report on Wednesday, July 22nd. Finally, DA Davidson cut their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Insider Buying and Selling

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

Crown Price Performance

Shares of CCK opened at $120.85 on Friday. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $122.91. The firm’s 50-day simple moving average is $109.25 and its two-hundred day simple moving average is $106.28. The stock has a market cap of $13.14 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. 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 released its earnings results 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. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the business earned $2.15 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Analysts anticipate that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Announces Dividend

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

Crown Company 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.