Gamco Investors INC. ET AL Has $2.93 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Gamco Investors INC. ET AL decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,370 shares of the industrial products company’s stock after selling 850 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Crown were worth $2,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC grew its holdings in Crown by 121.3% during the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 12,058 shares during the period. Nordea Investment Management AB grew its stake in shares of Crown by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares during the period. Metropolis Capital Ltd increased its holdings in Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after purchasing an additional 1,000,605 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Crown by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company’s stock valued at $67,183,000 after buying an additional 8,739 shares during the period. Finally, Virtu Financial LLC bought a new position in Crown during the third quarter worth about $861,000. 90.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Truist Financial boosted their price target on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Crown Trading Up 1.1 %

NYSE CCK opened at $85.12 on Friday. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.56 and a beta of 0.79. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The stock’s 50 day moving average price is $87.44 and its two-hundred day moving average price is $88.59. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio is presently 29.21%.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.