Janus Henderson Group PLC Sells 70,593 Shares of Crown Holdings, Inc. $CCK

Janus Henderson Group PLC decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 5.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,246,623 shares of the industrial products company’s stock after selling 70,593 shares during the period. Janus Henderson Group PLC’s holdings in Crown were worth $124,976,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bull Harbor Capital LLC acquired a new stake in Crown in the 1st quarter valued at $736,000. California State Teachers Retirement System boosted its holdings in shares of Crown by 21.1% in the 1st quarter. California State Teachers Retirement System now owns 133,072 shares of the industrial products company’s stock valued at $13,340,000 after buying an additional 23,193 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Crown by 61.8% in the first quarter. Royal Bank of Canada now owns 163,706 shares of the industrial products company’s stock valued at $16,412,000 after buying an additional 62,545 shares in the last quarter. Empowered Funds LLC increased its holdings in Crown by 6.2% during the first quarter. Empowered Funds LLC now owns 105,793 shares of the industrial products company’s stock worth $10,606,000 after buying an additional 6,160 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new position in Crown during the first quarter worth $1,158,000. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCK shares. Royal Bank Of Canada upped their price target on shares of Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. DA Davidson lowered their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Citigroup reaffirmed a “buy” rating on shares of Crown in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.20.

Crown Trading Down 0.2%

CCK stock opened at $118.17 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The company has a fifty day moving average price of $106.86 and a two-hundred day moving average price of $105.70. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $121.90. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.16 by $0.33. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities analysts anticipate that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. Crown’s dividend payout ratio is currently 20.14%.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

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.