Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Lyrical Asset Management LP

Lyrical Asset Management LP trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,970 shares of the industrial products company’s stock after selling 23,324 shares during the period. Lyrical Asset Management LP’s holdings in Crown were worth $4,215,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 256 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Crown by 84.2% in the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 117 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after buying an additional 269 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock worth $70,000 after buying an additional 647 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

Shares of CCK opened at $83.10 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The stock has a market cap of $9.72 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The firm has a fifty day moving average price of $88.44 and a 200 day moving average price of $89.37.

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

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Crown’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. Crown’s payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CCK shares. Royal Bank of Canada increased their price objective on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Citigroup boosted their price objective on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Bank of America reduced their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Barclays lowered their price target on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

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.