New York State Common Retirement Fund Boosts Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

New York State Common Retirement Fund increased its position in shares of Silgan Holdings Inc. (NYSE:SLGNFree Report) by 119.5% during the 3rd quarter, Holdings Channel reports. The firm owned 157,920 shares of the industrial products company’s stock after acquiring an additional 85,977 shares during the period. New York State Common Retirement Fund’s holdings in Silgan were worth $6,808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Silgan in the 4th quarter valued at $54,128,000. JPMorgan Chase & Co. increased its holdings in Silgan by 24.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,005,528 shares of the industrial products company’s stock valued at $234,709,000 after acquiring an additional 975,726 shares during the last quarter. Morgan Stanley increased its holdings in Silgan by 101.0% in the 4th quarter. Morgan Stanley now owns 1,729,687 shares of the industrial products company’s stock valued at $89,667,000 after acquiring an additional 868,999 shares during the last quarter. Deutsche Bank AG increased its holdings in Silgan by 1,925.2% in the 4th quarter. Deutsche Bank AG now owns 497,727 shares of the industrial products company’s stock valued at $25,802,000 after acquiring an additional 473,150 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Silgan by 69.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,170 shares of the industrial products company’s stock valued at $49,381,000 after acquiring an additional 436,243 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Robert B. Lewis sold 25,000 shares of Silgan stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.47, for a total transaction of $1,011,750.00. Following the completion of the transaction, the executive vice president now directly owns 179,229 shares of the company’s stock, valued at approximately $7,253,397.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SLGN shares. JPMorgan Chase & Co. lifted their price target on shares of Silgan from $39.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, February 1st. Raymond James lifted their price objective on shares of Silgan from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada lifted their price objective on shares of Silgan from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Citigroup lifted their price objective on shares of Silgan from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Truist Financial lifted their price objective on shares of Silgan from $52.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

Check Out Our Latest Analysis on SLGN

Silgan Price Performance

SLGN stock opened at $44.84 on Friday. Silgan Holdings Inc. has a 12 month low of $38.11 and a 12 month high of $54.92. The company has a current ratio of 0.48, a quick ratio of 0.29 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average price of $44.15 and a 200 day moving average price of $43.23. The stock has a market cap of $4.93 billion, a PE ratio of 15.05, a P/E/G ratio of 2.42 and a beta of 0.69.

Silgan 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, and beauty products, as well as capping/sealing equipment and detection systems.

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Institutional Ownership by Quarter for Silgan (NYSE:SLGN)

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