TIAA CREF Investment Management LLC boosted its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 136.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,291 shares of the industrial products company’s stock after purchasing an additional 186,777 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.29% of Silgan Holdings worth $10,274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. ProShare Advisors LLC acquired a new stake in shares of Silgan Holdings during the first quarter valued at about $201,000. Great West Life Assurance Co. Can increased its position in shares of Silgan Holdings by 3.0% during the first quarter. Great West Life Assurance Co. Can now owns 22,898 shares of the industrial products company’s stock valued at $1,358,000 after acquiring an additional 664 shares during the last quarter. US Bancorp DE increased its position in shares of Silgan Holdings by 3.1% during the first quarter. US Bancorp DE now owns 3,381 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 101 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Silgan Holdings by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 547,710 shares of the industrial products company’s stock valued at $32,512,000 after acquiring an additional 24,506 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Silgan Holdings by 1.9% during the first quarter. Swiss National Bank now owns 63,400 shares of the industrial products company’s stock valued at $3,763,000 after acquiring an additional 1,200 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Silgan Holdings in a research report on Friday, August 25th. BidaskClub upgraded shares of Silgan Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine cut shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and set a $34.00 price target on shares of Silgan Holdings in a research report on Monday, September 18th. Finally, Bank of America Corporation cut shares of Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.33.

Shares of Silgan Holdings Inc. (NASDAQ SLGN) opened at 29.47 on Friday. The firm’s 50 day moving average is $29.50 and its 200-day moving average is $30.53. The firm has a market capitalization of $3.25 billion, a PE ratio of 23.41 and a beta of 0.53. Silgan Holdings Inc. has a 12 month low of $23.58 and a 12 month high of $32.50.

Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.60 earnings per share. Silgan Holdings’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts expect that Silgan Holdings Inc. will post $1.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.36 annualized dividend and a yield of 1.22%. Silgan Holdings’s payout ratio is 29.03%.

In related news, VP Robert B. Lewis sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $29.70, for a total value of $207,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Anthony P. Andreacchi sold 2,192 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.18, for a total transaction of $66,154.56. The disclosure for this sale can be found here. Insiders sold 19,698 shares of company stock worth $597,429 in the last 90 days. 33.10% of the stock is currently owned by insiders.

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Silgan Holdings Profile

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

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Institutional Ownership by Quarter for Silgan Holdings (NASDAQ:SLGN)

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