John G Ullman & Associates Inc. Lowers Stock Position in Crown Holdings, Inc. (NYSE:CCK)

John G Ullman & Associates Inc. cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 27,339 shares of the industrial products company’s stock after selling 400 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Crown were worth $2,261,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares in the last quarter. Brooklyn Investment Group purchased a new position in Crown in the 3rd quarter worth approximately $44,000. GAMMA Investing LLC lifted its holdings in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 261 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Crown in the 3rd quarter worth approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Crown in the 3rd quarter worth approximately $55,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CCK shares. Truist Financial boosted their price target on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada lifted their price objective on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays reduced their price objective on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. UBS Group reduced their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America reduced their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Crown Stock Performance

NYSE CCK opened at $89.59 on Friday. The company has a market cap of $10.72 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.56 and a beta of 0.87. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The business’s 50 day moving average price is $85.65 and its 200-day moving average price is $89.50. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46.

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

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio is 28.09%.

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.