Dynamic Technology Lab Private Ltd Has $2.03 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Dynamic Technology Lab Private Ltd increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,201 shares of the industrial products company’s stock after buying an additional 1,353 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Crown were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCK. Daiwa Securities Group Inc. increased its stake in shares of Crown by 9.6% during the third quarter. Daiwa Securities Group Inc. now owns 9,172 shares of the industrial products company’s stock worth $879,000 after purchasing an additional 800 shares during the period. Algert Global LLC acquired a new position in Crown in the 3rd quarter valued at $468,000. Cerity Partners LLC increased its position in Crown by 369.0% during the 3rd quarter. Cerity Partners LLC now owns 39,610 shares of the industrial products company’s stock worth $3,798,000 after buying an additional 31,164 shares during the period. Citigroup Inc. lifted its holdings in shares of Crown by 11.0% during the third quarter. Citigroup Inc. now owns 73,654 shares of the industrial products company’s stock worth $7,062,000 after buying an additional 7,319 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in Crown during the third quarter worth about $277,000. 90.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CCK. Barclays raised their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Robert W. Baird raised their price objective on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Loop Capital lifted their price objective on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Truist Financial raised their price target on Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Mizuho set a $110.00 price target on Crown in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.62.

Crown Stock Down 0.3 %

Shares of NYSE CCK opened at $92.58 on Tuesday. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 114.30, a PEG ratio of 2.06 and a beta of 0.85. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The stock has a 50-day moving average price of $93.59 and a two-hundred day moving average price of $86.84.

Crown (NYSE:CCK) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.07 billion. As a group, analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, November 14th. Crown’s dividend payout ratio (DPR) is 123.46%.

Insider Buying and Selling

In related news, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the transaction, the chief operating officer now owns 114,402 shares in the company, valued at $10,970,007.78. This trade represents a 8.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now directly owns 12,424 shares in the company, valued at $1,187,734.40. The trade was a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,506 shares of company stock worth $3,157,399 in the last 90 days. Insiders own 0.90% of the company’s stock.

Crown Company 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.