Silgan Holdings Inc. (SLGN) Position Maintained by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio continued to hold its stake in Silgan Holdings Inc. (NASDAQ:SLGN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,619 shares of the industrial products company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Silgan Holdings were worth $868,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in SLGN. Envestnet Asset Management Inc. boosted its stake in Silgan Holdings by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock valued at $139,000 after buying an additional 207 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Silgan Holdings by 1.0% in the first quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock valued at $162,000 after buying an additional 27 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in Silgan Holdings by 157.5% in the first quarter. Neuburgh Advisers LLC now owns 3,296 shares of the industrial products company’s stock valued at $196,000 after buying an additional 2,016 shares during the last quarter. US Bancorp DE boosted its stake in Silgan Holdings by 3.1% in the first quarter. US Bancorp DE now owns 3,381 shares of the industrial products company’s stock valued at $200,000 after buying an additional 101 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Silgan Holdings during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Shares of Silgan Holdings Inc. (NASDAQ SLGN) traded down 0.39% on Thursday, reaching $30.42. 315,807 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $31.43 and its 200-day moving average price is $49.69. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 24.16 and a beta of 0.54. Silgan Holdings Inc. has a 52 week low of $27.98 and a 52 week high of $64.98.

Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts predict that Silgan Holdings Inc. will post $1.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 30th. Silgan Holdings’s dividend payout ratio is currently 29.03%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by [[site]] and is the sole property of of [[site]]. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at [[permalink]].

Several research firms recently issued reports on SLGN. BidaskClub cut shares of Silgan Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Bank of America Corporation lowered shares of Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Thursday, July 27th. Robert W. Baird lowered shares of Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Wednesday, July 19th. KeyCorp reaffirmed a “hold” rating on shares of Silgan Holdings in a research note on Wednesday, April 26th. Finally, Barclays PLC increased their target price on shares of Silgan Holdings from $27.50 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.36.

In other news, VP Adam J. Greenlee sold 5,643 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $61.56, for a total transaction of $347,383.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 33.10% of the company’s stock.

Silgan Holdings Company 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.