1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its position in shares of Silgan Holdings Inc. ( NYSE:SLGN – Free Report ) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 11,787 shares of the industrial products company’s stock after buying an additional 680 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Silgan were worth $614,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also recently modified their holdings of SLGN.
Bank of Jackson Hole Trust bought a new position in Silgan during the fourth quarter valued at about $59,000. Smartleaf Asset Management LLC grew its position in shares of Silgan by 1,229.7% during the 4th quarter.
Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,906 shares during the period. GAMMA Investing LLC increased its stake in shares of Silgan by 48.6% during the 4th quarter.
GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 863 shares during the last quarter. Point72 Asset Management L.P.
bought a new stake in shares of Silgan in the 3rd quarter worth approximately $154,000. Finally, KBC Group NV lifted its stake in Silgan by 52.5% in the fourth quarter.
KBC Group NV now owns 3,473 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.
Silgan Stock Performance NYSE SLGN opened at $45.29 on Wednesday. The company’s 50 day simple moving average is $51.
91 and its two-hundred day simple moving average is $52.61. The company has a debt-to-equity ratio of 1.
24, a current ratio of 0.45 and a quick ratio of 0.28.
Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.
14. The stock has a market capitalization of $4.84 billion, a PE ratio of 17.
55, a P/E/G ratio of 1.27 and a beta of 0.81.
Silgan Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.20 per share.
This is a positive change from Silgan’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 17th.
This represents a $0.80 annualized dividend and a dividend yield of 1.77%.
Silgan’s payout ratio is presently 31.01%. Analyst Ratings Changes Several analysts have issued reports on SLGN shares.
JPMorgan Chase & Co. boosted their target price on Silgan from $53.00 to $57.
00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America increased their target price on shares of Silgan from $60.00 to $61.
00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Silgan from $63.00 to $65.
00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Robert W. Baird raised their price objective on shares of Silgan from $60.
00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Truist Financial reissued a “buy” rating and set a $70.
00 target price (up previously from $69.00) on shares of Silgan in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company.
According to data from MarketBeat.com, Silgan currently has a consensus rating of “Moderate Buy” and an average price target of $64.22.
Read Our Latest Report on Silgan Insider Buying and Selling In other news, EVP Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $53.
22, for a total value of $1,064,400.00. Following the completion of the sale, the executive vice president now directly owns 152,133 shares in the company, valued at approximately $8,096,518.
26. The trade was a 11.62 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CEO Adam J. Greenlee sold 125,000 shares of the company’s stock in a transaction dated Monday, February 24th.
The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00.
Following the sale, the chief executive officer now owns 227,332 shares of the company’s stock, valued at approximately $12,441,880.36. The trade was a 35.
48 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 1.
39% of the stock is owned by company insiders. Silgan Company Profile ( Free Report ) Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers.
The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems. Read More Want to see what other hedge funds are holding SLGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silgan Holdings Inc.
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