Chicago Equity Partners LLC Acquires Shares of 28,700 Silgan Holdings Inc. (NASDAQ:SLGN)

Chicago Equity Partners LLC acquired a new stake in Silgan Holdings Inc. (NASDAQ:SLGN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,700 shares of the industrial products company’s stock, valued at approximately $912,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Silgan Holdings by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the industrial products company’s stock valued at $564,000 after purchasing an additional 200 shares during the period. Vanguard Group Inc. increased its stake in shares of Silgan Holdings by 6.8% during the first quarter. Vanguard Group Inc. now owns 3,918,778 shares of the industrial products company’s stock worth $232,618,000 after acquiring an additional 247,984 shares during the period. US Bancorp DE increased its stake 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 worth $200,000 after acquiring an additional 101 shares during the period. Renaissance Technologies LLC increased its stake in shares of Silgan Holdings by 273.3% during the first quarter. Renaissance Technologies LLC now owns 237,940 shares of the industrial products company’s stock worth $14,124,000 after acquiring an additional 174,200 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Silgan Holdings during the first quarter worth about $694,000. Institutional investors own 67.00% of the company’s stock.

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In other Silgan Holdings news, VP Anthony P. Andreacchi sold 2,192 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.18, for a total transaction of $66,154.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas James Snyder sold 10,506 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $30.78, for a total value of $323,374.68. The disclosure for this sale can be found here. Insiders sold a total of 19,698 shares of company stock valued at $597,429 over the last quarter. 33.10% of the stock is owned by insiders.

A number of brokerages have recently issued reports on SLGN. Goldman Sachs Group, Inc. (The) lowered shares of Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 13th. BMO Capital Markets reissued a “buy” rating and set a $34.00 price objective on shares of Silgan Holdings in a report on Sunday, July 9th. Robert W. Baird downgraded shares of Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Silgan Holdings has an average rating of “Hold” and an average price target of $32.33.

Silgan Holdings Inc. (NASDAQ:SLGN) opened at 29.53 on Friday. The company’s 50-day moving average is $30.05 and its 200 day moving average is $30.60. Silgan Holdings Inc. has a 12 month low of $23.58 and a 12 month high of $32.50. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 23.46 and a beta of 0.54.

Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted $0.60 EPS. Silgan Holdings’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts predict that Silgan Holdings Inc. will post $1.66 earnings per share for the current year.

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

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.

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

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