Silgan Holdings Inc. (NYSE:SLGN) Shares Purchased by Robeco Schweiz AG

Robeco Schweiz AG increased its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,213 shares of the industrial products company’s stock after acquiring an additional 2,213 shares during the quarter. Robeco Schweiz AG owned approximately 0.12% of Silgan worth $6,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. bought a new position in Silgan in the 4th quarter worth about $30,000. Quent Capital LLC grew its position in Silgan by 94.9% in the 4th 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 during the last quarter. Headlands Technologies LLC bought a new position in Silgan in the 3rd quarter worth about $70,000. Blue Trust Inc. grew its position in Silgan by 4,440.4% in the 4th quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 2,087 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position in Silgan by 10,540.0% in the 4th quarter. TFO Wealth Partners LLC now owns 532 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 527 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Buying and Selling

In related news, EVP Robert B. Lewis sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were 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 owns 172,133 shares in the company, valued at approximately $8,104,021.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP B Frederik Prinzen sold 4,093 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 4,520 shares in the company, valued at approximately $216,236.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert B. Lewis sold 30,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $47.08, for a total transaction of $1,412,400.00. Following the completion of the sale, the executive vice president now owns 172,133 shares of the company’s stock, valued at approximately $8,104,021.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,651 shares of company stock worth $2,804,226. Corporate insiders own 1.39% of the company’s stock.

Silgan Price Performance

Shares of Silgan stock traded down $0.20 on Tuesday, hitting $45.59. The company had a trading volume of 3,865 shares, compared to its average volume of 567,551. The business has a 50-day simple moving average of $47.08 and a 200-day simple moving average of $45.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.04 and a quick ratio of 0.62. The company has a market cap of $4.87 billion, a PE ratio of 16.07, a PEG ratio of 1.54 and a beta of 0.69. Silgan Holdings Inc. has a 52 week low of $38.11 and a 52 week high of $49.72.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Silgan had a net margin of 5.25% and a return on equity of 19.26%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Research analysts expect that Silgan Holdings Inc. will post 3.66 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, June 3rd. Silgan’s payout ratio is 26.67%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their target price on shares of Silgan from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Silgan Company Profile

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.