Crown (NYSE:CCK) CEO Timothy Donahue Sells 7,500 Shares of Stock

Crown Holdings, Inc. (NYSE:CCK) CEO Timothy Donahue sold 7,500 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $787,500.00. Following the sale, the chief executive officer directly owned 482,236 shares in the company, valued at approximately $50,634,780. The trade was a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Crown Stock Down 1.2%

Crown stock traded down $1.28 during trading hours on Friday, reaching $103.05. The stock had a trading volume of 21,422 shares, compared to its average volume of 1,015,222. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.20 and a beta of 0.75. The business’s 50 day moving average price is $101.36 and its 200-day moving average price is $99.15. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76.

Institutional Trading of Crown

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its stake in Crown by 103.1% during the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Crown by 105.0% in the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Crown in the 3rd quarter valued at $29,000. ORG Partners LLC lifted its holdings in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the subject of several analyst reports. UBS Group upped their price objective on Crown from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Truist Financial upped their price objective on shares of Crown from $126.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company raised their price target on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.62.

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.