Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its stake in Silgan Holdings Inc. (NYSE:SLGN) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,123 shares of the industrial products company’s stock after selling 9,031 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.06% of Silgan worth $3,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SLGN. Bank of Jackson Hole Trust acquired a new position in Silgan in the 4th quarter valued at about $59,000. Venturi Wealth Management LLC grew its holdings in shares of Silgan by 220.4% during the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock worth $74,000 after buying an additional 963 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Silgan by 1,229.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,906 shares during the last quarter. KBC Group NV raised its position in shares of Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock valued at $120,000 after buying an additional 494 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Silgan by 48.6% during the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock valued at $137,000 after buying an additional 863 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Trading Down 0.0 %

NYSE SLGN opened at $51.83 on Friday. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.27 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14. The company’s 50 day moving average price is $53.08 and its 200 day moving average price is $52.80.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. On average, sell-side analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.20 dividend. This is an increase from Silgan’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. Silgan’s dividend payout ratio is presently 31.01%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SLGN. Raymond James boosted their price target on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Truist Financial reiterated a “buy” rating and issued a $70.00 target price (up from $69.00) on shares of Silgan in a research note on Thursday, January 30th. Robert W. Baird raised their price target on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Wells Fargo & Company upped their price objective on shares of Silgan from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Bank of America raised their target price on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Insider Activity

In other news, EVP Robert B. Lewis sold 20,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total value of $1,064,400.00. Following the completion of the transaction, the executive vice president now directly owns 152,133 shares in the company, valued at approximately $8,096,518.26. This represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam J. Greenlee sold 125,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the sale, the chief executive officer now directly owns 227,332 shares of the company’s stock, valued at approximately $12,441,880.36. The trade was a 35.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

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.