Silgan Holdings Inc. (NYSE:SLGN) EVP Sells $1,064,400.00 in Stock

Silgan Holdings Inc. (NYSE:SLGN) EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 owns 152,133 shares of the company’s stock, valued at $8,096,518.26. The trade was a 11.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Silgan Stock Up 1.0 %

Shares of NYSE:SLGN opened at $53.71 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a 50-day moving average price of $53.02 and a 200 day moving average price of $52.42. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.24 and a beta of 0.71.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. As a group, equities research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Analyst Ratings Changes

SLGN has been the subject of several research analyst reports. Loop Capital increased their target price on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price objective on shares of Silgan from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Bank of America upped 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. Raymond James boosted their price target on shares of Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada increased their price objective on shares of Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLGN. FMR LLC lifted its stake in Silgan by 87.7% in the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company’s stock worth $329,619,000 after purchasing an additional 2,932,680 shares during the last quarter. Norges Bank bought a new stake in Silgan in the fourth quarter worth about $38,680,000. JPMorgan Chase & Co. lifted its stake in Silgan by 12.8% in the fourth quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company’s stock worth $301,670,000 after purchasing an additional 656,923 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Silgan by 87.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company’s stock worth $65,257,000 after purchasing an additional 584,840 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Silgan by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 8,931,526 shares of the industrial products company’s stock worth $464,886,000 after purchasing an additional 455,381 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

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.