Private Management Group Inc. Trims Stake in Crown Holdings, Inc. $CCK

Private Management Group Inc. lowered its holdings in Crown Holdings, Inc. (NYSE:CCK) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,529 shares of the industrial products company’s stock after selling 25,893 shares during the period. Private Management Group Inc. owned approximately 0.22% of Crown worth $24,199,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Crown in the second quarter worth approximately $184,046,000. JPMorgan Chase & Co. lifted its position in Crown by 226.7% during the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after purchasing an additional 1,022,789 shares during the last quarter. Invesco Ltd. grew its stake in Crown by 58.6% in the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after buying an additional 1,007,980 shares in the last quarter. Swedbank AB grew its stake in Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after buying an additional 943,045 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Crown by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock worth $260,835,000 after buying an additional 765,136 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Activity

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total value of $830,025.00. Following the completion of the sale, the chief executive officer owned 474,736 shares in the company, valued at approximately $52,539,033.12. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This trade represents a 25.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,988 shares of company stock valued at $10,964,122 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Crown Price Performance

CCK stock opened at $105.13 on Friday. The firm has a market cap of $11.90 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.22 and a beta of 0.70. The firm’s fifty day moving average is $108.22 and its 200 day moving average is $101.08. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $116.62. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Research analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.35 dividend. This is a boost from Crown’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Crown’s dividend payout ratio is presently 21.98%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CCK shares. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Wolfe Research set a $115.00 target price on Crown in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Royal Bank Of Canada lifted their price target on Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.86.

Crown Company 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.