California Public Employees Retirement System increased its holdings in Silgan Holdings Inc. (NASDAQ:SLGN) by 75.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,600 shares of the industrial products company’s stock after buying an additional 15,700 shares during the period. California Public Employees Retirement System’s holdings in Silgan Holdings were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Teachers Advisors LLC grew its stake in shares of Silgan Holdings by 23.9% in the first quarter. Teachers Advisors LLC now owns 44,393 shares of the industrial products company’s stock worth $2,635,000 after purchasing an additional 8,553 shares during the last quarter. Legal & General Group Plc lifted its holdings in Silgan Holdings by 55.2% in the first quarter. Legal & General Group Plc now owns 38,631 shares of the industrial products company’s stock valued at $2,293,000 after buying an additional 13,733 shares during the period. Geode Capital Management LLC lifted its holdings in Silgan Holdings by 8.2% in the first quarter. Geode Capital Management LLC now owns 325,403 shares of the industrial products company’s stock valued at $19,315,000 after buying an additional 24,797 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Silgan Holdings by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 761,099 shares of the industrial products company’s stock valued at $45,178,000 after buying an additional 30,194 shares during the period. Finally, Renaissance Technologies LLC raised its holdings 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 valued at $14,124,000 after purchasing an additional 174,200 shares during the period. 66.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Silgan Holdings Inc. (SLGN) opened at $28.64 on Friday. The stock has a market cap of $3,161.08, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. Silgan Holdings Inc. has a twelve month low of $24.36 and a twelve month 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 announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). Silgan Holdings had a net margin of 3.77% and a return on equity of 32.87%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. equities analysts expect that Silgan Holdings Inc. will post 1.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.26%. Silgan Holdings’s dividend payout ratio (DPR) is currently 27.38%.
In other Silgan Holdings news, VP Robert B. Lewis sold 7,000 shares of Silgan Holdings stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $29.70, for a total value of $207,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anthony P. Andreacchi sold 2,192 shares of Silgan Holdings stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $30.18, for a total transaction of $66,154.56. The disclosure for this sale can be found here. Company insiders own 33.10% of the company’s stock.
Several equities research analysts have recently commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $34.00 target price on shares of Silgan Holdings in a research report on Monday, September 18th. 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 shares of Silgan Holdings in a research report on Monday, October 9th. They set a “sector perform” rating and a $30.00 target price for the company. Robert W. Baird restated a “hold” rating and set a $32.00 price target on shares of Silgan Holdings in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Silgan Holdings currently has an average rating of “Hold” and a consensus target price of $31.57.
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.
Receive News & Ratings for Silgan Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.