Silgan Holdings Inc. (NYSE:SLGN) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in Silgan Holdings Inc. (NYSE:SLGN) by 351.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,011 shares of the industrial products company’s stock after purchasing an additional 14,804 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Silgan were worth $990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SLGN. Bank of Jackson Hole Trust acquired a new stake in shares of Silgan in the 4th quarter worth $59,000. Smartleaf Asset Management LLC grew its holdings in shares of Silgan by 1,229.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,906 shares during the period. GAMMA Investing LLC raised its stake in Silgan by 48.6% during the fourth 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 period. Point72 Asset Management L.P. acquired a new position in Silgan in the 3rd quarter valued at about $154,000. Finally, KBC Group NV grew its stake in shares of Silgan by 52.5% in the 4th quarter. KBC Group NV now owns 3,473 shares of the industrial products company’s stock valued at $181,000 after buying an additional 1,196 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James lifted their price target on shares of Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Robert W. Baird increased their price target on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Loop Capital raised their price objective 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 increased their target price on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Truist Financial reiterated a “buy” rating and set a $70.00 price target (up from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Silgan currently has an average rating of “Moderate Buy” and an average price target of $64.22.

Insiders Place Their Bets

In related news, EVP Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the transaction, the executive vice president now owns 152,133 shares in the company, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam J. Greenlee sold 125,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total value of $6,841,250.00. Following the completion of the sale, the chief executive officer now owns 227,332 shares in the company, valued at approximately $12,441,880.36. This represents 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 Trading Down 4.0 %

NYSE SLGN opened at $45.91 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.27 and a beta of 0.81. The firm has a 50 day simple moving average of $52.27 and a 200-day simple moving average of $52.70. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. Equities research analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.74%. This is a boost from Silgan’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 17th. Silgan’s payout ratio is presently 31.01%.

Silgan 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.