GSA Capital Partners LLP lifted its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 69.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,505 shares of the industrial products company’s stock after buying an additional 8,025 shares during the quarter. GSA Capital Partners LLP’s holdings in Silgan Holdings were worth $620,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Silgan Holdings by 1.0% during the 1st quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock worth $162,000 after buying an additional 27 shares in the last quarter. Utah Retirement Systems grew its position in shares of Silgan Holdings by 1.5% during the 1st quarter. Utah Retirement Systems now owns 6,752 shares of the industrial products company’s stock worth $401,000 after buying an additional 100 shares in the last quarter. US Bancorp DE grew its position in shares of Silgan Holdings by 3.1% during the 1st quarter. US Bancorp DE now owns 3,381 shares of the industrial products company’s stock worth $200,000 after buying an additional 101 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Silgan Holdings by 9.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock worth $139,000 after buying an additional 207 shares in the last quarter. Finally, Advantus Capital Management Inc grew its position in shares of Silgan Holdings by 4.5% during the 1st quarter. Advantus Capital Management Inc now owns 4,793 shares of the industrial products company’s stock worth $285,000 after buying an additional 207 shares in the last quarter. 66.96% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Silgan Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Silgan Holdings in a research report on Thursday, October 12th. Royal Bank Of Canada started coverage on Silgan Holdings in a research report on Monday, October 9th. They set a “sector perform” rating and a $30.00 price objective on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price objective on shares of Silgan Holdings in a research report on Monday, September 18th. Finally, ValuEngine downgraded Silgan Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.00.
Silgan Holdings Inc. (SLGN) traded up 0.07% during midday trading on Wednesday, reaching $28.73. The company’s stock had a trading volume of 10,411 shares. Silgan Holdings Inc. has a 1-year low of $24.36 and a 1-year high of $32.50. The company has a 50 day moving average price of $29.34 and a 200 day moving average price of $30.50. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 22.82 and a beta of 0.53.
Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Silgan Holdings Inc. will post $1.65 EPS for the current year.
In other news, insider Thomas James Snyder sold 10,506 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $30.78, for a total transaction of $323,374.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Anthony P. Andreacchi sold 2,192 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $30.18, for a total value of $66,154.56. The disclosure for this sale can be found here. Insiders have sold 19,698 shares of company stock worth $597,429 in the last 90 days. Insiders own 33.10% of the company’s stock.
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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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