Silgan Holdings Inc. (NASDAQ:SLGN) Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 260.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,886 shares of the industrial products company’s stock after acquiring an additional 26,649 shares during the quarter. Quantbot Technologies LP’s holdings in Silgan were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SLGN. Northern Trust Corp increased its stake in Silgan by 79.6% in the second quarter. Northern Trust Corp now owns 648,964 shares of the industrial products company’s stock valued at $20,623,000 after purchasing an additional 287,658 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Silgan by 106.8% in the second quarter. Wells Fargo & Company MN now owns 1,608,013 shares of the industrial products company’s stock valued at $51,104,000 after acquiring an additional 830,485 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new stake in shares of Silgan in the third quarter valued at about $491,000. JPMorgan Chase & Co. boosted its holdings in Silgan by 102.2% during the second quarter. JPMorgan Chase & Co. now owns 7,792,959 shares of the industrial products company’s stock worth $247,661,000 after buying an additional 3,939,145 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Silgan by 107.4% during the second quarter. BlackRock Inc. now owns 6,637,734 shares of the industrial products company’s stock worth $210,947,000 after buying an additional 3,437,477 shares in the last quarter. Hedge funds and other institutional investors own 67.69% of the company’s stock.

A number of analysts recently commented on SLGN shares. BidaskClub downgraded shares of Silgan from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. KeyCorp restated a “hold” rating on shares of Silgan in a research report on Friday, August 25th. ValuEngine lowered shares of Silgan from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and issued a $34.00 price objective on shares of Silgan in a research report on Monday, September 18th. Finally, Royal Bank Of Canada began coverage on shares of Silgan in a research report on Monday, October 9th. They issued a “sector perform” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.57.

In other Silgan news, Director William C. Jennings sold 25,642 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $28.38, for a total transaction of $727,719.96. Following the transaction, the director now directly owns 42,180 shares in the company, valued at approximately $1,197,068.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 33.10% of the company’s stock.

Silgan Holdings Inc. (NASDAQ:SLGN) traded up $0.01 on Wednesday, reaching $28.96. 352,729 shares of the company’s stock traded hands, compared to its average volume of 546,771. The stock has a market capitalization of $3,196.40, a P/E ratio of 18.56, a P/E/G ratio of 1.77 and a beta of 0.52. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.96. Silgan Holdings Inc. has a 12 month low of $24.66 and a 12 month high of $32.50.

Silgan (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 the consensus estimate of $0.69 by ($0.03). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Silgan had a net margin of 3.77% and a return on equity of 32.87%. Silgan’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. equities research analysts anticipate that Silgan Holdings Inc. will post 1.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. Silgan’s dividend payout ratio (DPR) is 27.38%.

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Silgan 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 (NASDAQ:SLGN)

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