UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,613 Shares of Crown Holdings, Inc. $CCK

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 2.7% during the second quarter, HoldingsChannel.com reports. The firm owned 423,416 shares of the industrial products company’s stock after selling 11,613 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Crown were worth $47,346,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC lifted its holdings in Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after buying an additional 91 shares during the period. Parallel Advisors LLC grew its stake in shares of Crown by 12.5% in the 4th quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after buying an additional 104 shares during the period. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the period. Siemens Fonds Invest GmbH increased its stake in Crown by 7.7% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 116 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Crown by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. DA Davidson decreased 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. Royal Bank Of Canada boosted their price objective on Crown from $131.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. UBS Group boosted their target price on shares of Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Insider Buying and Selling at Crown

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

Crown Trading Up 0.3%

Shares of CCK stock opened at $116.98 on Thursday. The business has a 50-day moving average price of $116.31 and a two-hundred day moving average price of $107.65. The firm has a market cap of $12.72 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.58. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $122.91. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business earned $2.15 earnings per share. The business’s quarterly 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. Equities analysts anticipate that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Announces Dividend

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

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.