Amalgamated Bank Raises Stake in Silgan Holdings Inc. (NYSE:SLGN)

Amalgamated Bank increased its holdings in Silgan Holdings Inc. (NYSE:SLGNFree Report) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,736 shares of the industrial products company’s stock after buying an additional 7,020 shares during the quarter. Amalgamated Bank’s holdings in Silgan were worth $2,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James & Associates grew its stake in shares of Silgan by 21.6% during the 1st quarter. Raymond James & Associates now owns 32,571 shares of the industrial products company’s stock worth $1,506,000 after purchasing an additional 5,788 shares during the period. Citigroup Inc. lifted its holdings in Silgan by 5.4% in the 1st quarter. Citigroup Inc. now owns 12,553 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 640 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in Silgan by 9.0% in the 1st quarter. Natixis Advisors L.P. now owns 27,788 shares of the industrial products company’s stock valued at $1,285,000 after purchasing an additional 2,288 shares in the last quarter. Bank of Montreal Can lifted its holdings in Silgan by 3.3% in the 1st quarter. Bank of Montreal Can now owns 21,702 shares of the industrial products company’s stock valued at $1,009,000 after purchasing an additional 703 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Silgan in the 1st quarter valued at $89,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial raised their price objective on Silgan from $52.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, January 4th. StockNews.com raised Silgan from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Citigroup lifted their target price on Silgan from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lifted their target price on Silgan from $39.00 to $46.00 and gave the company an “underweight” rating in a research report on Thursday, February 1st. Finally, Raymond James lifted their price objective on Silgan from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.75.

View Our Latest Report on Silgan

Silgan Price Performance

Shares of NYSE SLGN opened at $44.84 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.29 and a debt-to-equity ratio of 1.86. Silgan Holdings Inc. has a twelve month low of $38.11 and a twelve month high of $54.92. The stock has a 50 day moving average of $44.15 and a two-hundred day moving average of $43.23. The stock has a market cap of $4.93 billion, a P/E ratio of 15.05, a P/E/G ratio of 2.44 and a beta of 0.69.

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, 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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