JLB & Associates Inc. lessened its position in Silgan Holdings Inc. (NASDAQ:SLGN) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,993 shares of the industrial products company’s stock after selling 2,260 shares during the quarter. JLB & Associates Inc. owned 0.17% of Silgan worth $5,451,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in SLGN. Rafferty Asset Management LLC purchased a new stake in Silgan during the 4th quarter worth approximately $1,836,000. Raymond James & Associates grew its holdings in shares of Silgan by 13.9% during the fourth quarter. Raymond James & Associates now owns 25,379 shares of the industrial products company’s stock worth $599,000 after buying an additional 3,104 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Silgan by 22.7% during the third quarter. Nordea Investment Management AB now owns 749,725 shares of the industrial products company’s stock worth $20,842,000 after buying an additional 138,627 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Silgan during the fourth quarter worth $204,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Silgan by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,176,800 shares of the industrial products company’s stock worth $51,415,000 after buying an additional 43,774 shares in the last quarter. Hedge funds and other institutional investors own 65.73% of the company’s stock.
In other news, insider Adam J. Greenlee sold 110,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $29.90, for a total transaction of $3,289,000.00. Following the transaction, the insider now directly owns 131,367 shares in the company, valued at $3,927,873.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP B Frederik Prinzen sold 12,242 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.06, for a total transaction of $367,994.52. The disclosure for this sale can be found here. Insiders sold 259,334 shares of company stock worth $7,772,706 over the last quarter. 30.32% of the stock is currently owned by insiders.
NASDAQ:SLGN traded up $0.02 during mid-day trading on Friday, hitting $29.89. The stock had a trading volume of 177,690 shares, compared to its average volume of 474,654. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. Silgan Holdings Inc. has a twelve month low of $22.24 and a twelve month high of $30.90. The company has a quick ratio of 0.62, a current ratio of 1.15 and a debt-to-equity ratio of 2.35.
Silgan (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Silgan had a net margin of 5.04% and a return on equity of 26.74%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that Silgan Holdings Inc. will post 2.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.44 annualized dividend and a yield of 1.47%. Silgan’s dividend payout ratio is currently 21.15%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Silgan from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, April 10th. KeyCorp reissued a “hold” rating on shares of Silgan in a report on Wednesday, April 24th. BidaskClub lowered shares of Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. TheStreet raised shares of Silgan from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. Finally, ValuEngine raised shares of Silgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.71.
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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