Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its holdings in shares of Silgan Holdings Inc. (NYSE:SLGNFree Report) by 46.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,100 shares of the industrial products company’s stock after selling 14,700 shares during the quarter. Alberta Investment Management Corp’s holdings in Silgan were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in shares of Silgan by 10,540.0% in the fourth quarter. TFO Wealth Partners LLC now owns 532 shares of the industrial products company’s stock valued at $226,000 after buying an additional 527 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Silgan during the fourth quarter valued at approximately $30,000. Quent Capital LLC lifted its position in shares of Silgan by 94.9% during the fourth quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 505 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Silgan in the third quarter valued at $70,000. Finally, Blue Trust Inc. increased its stake in Silgan by 4,440.4% during the 4th quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock worth $91,000 after buying an additional 2,087 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price objective on Silgan from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.00.

View Our Latest Report on Silgan

Insider Activity at Silgan

In other Silgan news, VP B Frederik Prinzen sold 4,093 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.84, for a total value of $195,809.12. Following the completion of the transaction, the vice president now owns 4,520 shares in the company, valued at approximately $216,236.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP B Frederik Prinzen sold 4,093 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.84, for a total transaction of $195,809.12. Following the transaction, the vice president now directly owns 4,520 shares of the company’s stock, valued at $216,236.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert B. Lewis sold 30,000 shares of the business’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 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 59,651 shares of company stock worth $2,804,226 in the last ninety days. 1.39% of the stock is owned by insiders.

Silgan Price Performance

SLGN opened at $46.83 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.04 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $47.21 and its 200 day moving average price is $45.09. Silgan Holdings Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $49.72. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.59 and a beta of 0.69.

Silgan (NYSE:SLGNGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. Silgan had a return on equity of 19.26% and a net margin of 5.25%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $0.78 EPS. The business’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Silgan Holdings Inc. will post 3.66 earnings per share for the current year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.19 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. Silgan’s dividend payout ratio (DPR) is presently 26.67%.

About Silgan

(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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