24,347 Shares in Crown Holdings, Inc. (NYSE:CCK) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, Holdings Channel.com reports. The firm bought 24,347 shares of the industrial products company’s stock, valued at approximately $2,013,000.

Several other institutional investors have also modified their holdings of CCK. Farther Finance Advisors LLC boosted its stake in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 256 shares during the period. Brooklyn Investment Group acquired a new position in shares of Crown during the third quarter worth approximately $44,000. GAMMA Investing LLC grew 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 buying an additional 261 shares in the last quarter. True Wealth Design LLC increased its position in Crown by 6,850.0% in the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 685 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Up 0.3 %

Shares of Crown stock opened at $90.46 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The firm has a market capitalization of $10.63 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The stock’s fifty day moving average is $87.31 and its 200-day moving average is $89.54.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.26 dividend. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. Crown’s dividend payout ratio (DPR) is currently 29.21%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho decreased their price target on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company raised their target price on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. UBS Group reduced their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Truist Financial raised their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada upped their target price on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

About Crown

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.