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

Dynamic Technology Lab Private Ltd lifted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,201 shares of the industrial products company’s stock after acquiring an additional 1,353 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Crown were worth $2,033,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Crown in the first quarter valued at about $41,000. Covestor Ltd lifted its position in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after buying an additional 277 shares in the last quarter. Blue Trust Inc. grew its holdings in Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 385 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Crown in the 3rd quarter valued at about $48,000. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of NYSE:CCK opened at $92.58 on Tuesday. The firm’s 50 day simple moving average is $93.59 and its 200 day simple moving average is $86.84. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 114.30, a P/E/G ratio of 2.06 and a beta of 0.85. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

Crown (NYSE:CCK) last posted its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. As a group, sell-side analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CCK shares. Royal Bank of Canada upped their target price on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Mizuho set a $110.00 price objective on Crown in a report on Friday, October 18th. Barclays lifted their target price on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Citigroup boosted their target price on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird raised their price target on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.62.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the sale, the chief executive officer now directly owns 578,678 shares in the company, valued at $52,416,653.24. This trade represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gerard H. Gifford sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares of the company’s stock, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock valued at $3,157,399 over the last 90 days. 0.90% of the stock is owned by company insiders.

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.