Bbva Compass Bancshares Inc. boosted its position in Silgan Holdings Inc. (NASDAQ:SLGN) by 94.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,277 shares of the industrial products company’s stock after buying an additional 4,510 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Silgan Holdings were worth $295,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Silgan Holdings by 89.3% in the second quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,847 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Silgan Holdings during the second quarter worth approximately $127,000. Envestnet Asset Management Inc. increased its stake in Silgan Holdings by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock worth $139,000 after buying an additional 207 shares during the last quarter. Pacer Advisors Inc. increased its stake in Silgan Holdings by 1.0% in the first quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock worth $162,000 after buying an additional 27 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Silgan Holdings by 136.4% in the second quarter. LS Investment Advisors LLC now owns 5,788 shares of the industrial products company’s stock valued at $184,000 after buying an additional 3,340 shares in the last quarter. Institutional investors own 38.94% of the company’s stock.
Shares of Silgan Holdings Inc. (NASDAQ:SLGN) traded up 0.10% during midday trading on Friday, hitting $30.17. The stock had a trading volume of 920,547 shares. Silgan Holdings Inc. has a 1-year low of $27.98 and a 1-year high of $64.98. The firm has a 50-day moving average price of $31.20 and a 200-day moving average price of $48.32. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 23.96 and a beta of 0.54.
Silgan Holdings (NASDAQ:SLGN) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that Silgan Holdings Inc. will post $1.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.36 annualized dividend and a yield of 1.19%. Silgan Holdings’s dividend payout ratio (DPR) is currently 29.03%.
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SLGN has been the topic of several recent research reports. Zacks Investment Research downgraded Silgan Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. KeyCorp restated a “hold” rating on shares of Silgan Holdings in a research report on Wednesday, April 26th. Barclays PLC upped their target price on Silgan Holdings from $27.50 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. ValuEngine upgraded Silgan Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $30.00 target price (down from $60.00) on shares of Silgan Holdings in a research note on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.36.
In other Silgan Holdings news, insider Thomas James Snyder sold 10,506 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $30.78, for a total transaction of $323,374.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 33.10% of the stock is owned by company insiders.
About Silgan Holdings
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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