Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,384,275 shares of the industrial products company’s stock after selling 278,769 shares during the period. Impax Asset Management Group plc owned approximately 1.15% of Crown worth $132,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Crown during the first quarter valued at approximately $6,854,000. Russell Investments Group Ltd. raised its stake in shares of Crown by 21.0% in the 1st quarter. Russell Investments Group Ltd. now owns 341,216 shares of the industrial products company’s stock worth $27,045,000 after buying an additional 59,267 shares in the last quarter. Entropy Technologies LP lifted its holdings in shares of Crown by 1,127.4% in the first quarter. Entropy Technologies LP now owns 27,456 shares of the industrial products company’s stock valued at $2,176,000 after buying an additional 25,219 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Crown by 16.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 103,013 shares of the industrial products company’s stock worth $8,163,000 after acquiring an additional 14,501 shares during the period. Finally, Sei Investments Co. raised its position in Crown by 139.2% in the second quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock worth $9,104,000 after acquiring an additional 71,227 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Price Performance

NYSE CCK opened at $93.12 on Tuesday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 114.96, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85. The company has a 50 day simple moving average of $93.12 and a 200-day simple moving average of $85.78. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s dividend payout ratio (DPR) is currently 123.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, October 26th. Morgan Stanley lifted their price target on shares of Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Citigroup increased their price objective on Crown from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Bank of America lifted their target price on Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, UBS Group reduced their target price on Crown from $112.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $106.62.

Insider Activity

In related news, COO Gerard H. Gifford sold 10,000 shares of the 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 sale, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the transaction, the chief operating officer now owns 114,402 shares in the company, valued at approximately $10,970,007.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the sale, the chief executive officer now owns 586,178 shares of the company’s stock, valued at $50,323,381.30. This trade represents a 0.00 % 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 worth $3,075,799 in the last ninety days. Corporate 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.