Oregon Public Employees Retirement Fund Decreases Position in Silgan Holdings Inc. (SLGN)
Oregon Public Employees Retirement Fund trimmed its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,647 shares of the industrial products company’s stock after selling 2,166 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Silgan Holdings were worth $814,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Silgan Holdings by 22.2% in the 3rd quarter. American Century Companies Inc. now owns 1,445,334 shares of the industrial products company’s stock worth $42,536,000 after purchasing an additional 262,728 shares during the period. Stevens Capital Management LP purchased a new position in Silgan Holdings in the 3rd quarter worth approximately $266,000. Parametrica Management Ltd purchased a new position in Silgan Holdings in the 3rd quarter worth approximately $327,000. Victory Capital Management Inc. increased its stake in Silgan Holdings by 73.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,638 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 3,228 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Silgan Holdings in the 3rd quarter worth approximately $264,000. 66.01% of the stock is currently owned by institutional investors.
In other news, VP Anthony P. Andreacchi sold 2,192 shares of Silgan Holdings stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.18, for a total value of $66,154.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert B. Lewis sold 7,000 shares of Silgan Holdings stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $29.70, for a total value of $207,900.00. The disclosure for this sale can be found here. 33.10% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. BidaskClub cut Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Robert W. Baird cut Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research note on Wednesday, July 19th. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 price target on shares of Silgan Holdings in a research note on Monday, September 18th. ValuEngine cut Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation cut Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.57.
Shares of Silgan Holdings Inc. (SLGN) opened at $28.24 on Thursday. The firm has a market capitalization of $3,120.00, a P/E ratio of 18.33, a PEG ratio of 1.75 and a beta of 0.52. Silgan Holdings Inc. has a 1 year low of $24.36 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.26 and a quick ratio of 0.73.
Silgan Holdings (NASDAQ:SLGN) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Silgan Holdings had a return on equity of 32.87% and a net margin of 3.77%. Silgan Holdings’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. equities research analysts anticipate that Silgan Holdings Inc. will post 1.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.27%. Silgan Holdings’s dividend payout ratio is currently 27.48%.
Silgan Holdings Company 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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