BNP Paribas Financial Markets Sells 495 Shares of Silgan Holdings Inc. (NYSE:SLGN)

BNP Paribas Financial Markets cut its holdings in shares of Silgan Holdings Inc. (NYSE:SLGNFree Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,213 shares of the industrial products company’s stock after selling 495 shares during the quarter. BNP Paribas Financial Markets’ holdings in Silgan were worth $734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLGN. Arizona State Retirement System increased its stake in Silgan by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 25,113 shares of the industrial products company’s stock worth $1,083,000 after acquiring an additional 378 shares during the last quarter. Jump Financial LLC grew its position in shares of Silgan by 42.7% in the 3rd quarter. Jump Financial LLC now owns 9,257 shares of the industrial products company’s stock worth $399,000 after buying an additional 2,769 shares during the period. Barclays PLC lifted its holdings in shares of Silgan by 203.9% during the third quarter. Barclays PLC now owns 118,564 shares of the industrial products company’s stock valued at $5,109,000 after purchasing an additional 79,551 shares during the last quarter. New York State Common Retirement Fund raised its stake in Silgan by 119.5% during the third quarter. New York State Common Retirement Fund now owns 157,920 shares of the industrial products company’s stock valued at $6,808,000 after buying an additional 85,977 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its position in shares of Silgan by 3.8% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 100,463 shares of the industrial products company’s stock worth $4,331,000 after purchasing an additional 3,710 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Price Performance

Silgan stock opened at $46.43 on Friday. The company has a fifty day simple moving average of $47.14 and a 200-day simple moving average of $44.97. The stock has a market cap of $4.96 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.57 and a beta of 0.69. Silgan Holdings Inc. has a 12-month low of $38.11 and a 12-month high of $49.72. The company has a current ratio of 1.04, a quick ratio of 0.62 and a debt-to-equity ratio of 1.33.

Silgan (NYSE:SLGNGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. Silgan had a net margin of 5.25% and a return on equity of 19.26%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Silgan’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities analysts expect that Silgan Holdings Inc. will post 3.66 EPS for the current fiscal year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. Silgan’s payout ratio is currently 26.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SLGN. JPMorgan Chase & Co. lifted their price objective on Silgan from $39.00 to $46.00 and gave the company an “underweight” rating in a research report on Thursday, February 1st. Citigroup lifted their price objective on shares of Silgan from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Royal Bank of Canada increased their price target on Silgan from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company cut their target price on Silgan from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Raymond James raised their target price on shares of Silgan from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Silgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

View Our Latest Stock Report on SLGN

Insider Buying and Selling at Silgan

In related news, VP B Frederik Prinzen sold 4,684 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total transaction of $205,580.76. Following the completion of the sale, the vice president now directly owns 8,613 shares of the company’s stock, valued at approximately $378,024.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP B Frederik Prinzen sold 4,684 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $205,580.76. Following the sale, the vice president now directly owns 8,613 shares of the company’s stock, valued at approximately $378,024.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert B. Lewis sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $47.08, for a total value of $1,412,400.00. Following the completion of the sale, the executive vice president now directly owns 172,133 shares in the company, valued at approximately $8,104,021.64. The disclosure for this sale can be found here. Insiders have sold a total of 64,335 shares of company stock worth $3,009,806 in the last quarter. 1.39% of the stock is owned by insiders.

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, beauty products, and hard surface cleaning 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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