JLB & Associates Inc. decreased its holdings in Silgan Holdings Inc. (NASDAQ:SLGN) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,374 shares of the industrial products company’s stock after selling 2,360 shares during the quarter. JLB & Associates Inc. owned 0.07% of Silgan worth $2,771,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in Silgan by 25.4% during the second quarter. LSV Asset Management now owns 3,839,295 shares of the industrial products company’s stock worth $124,354,000 after buying an additional 776,626 shares during the last quarter. State Street Corp boosted its stake in Silgan by 0.9% during the 1st quarter. State Street Corp now owns 2,018,605 shares of the industrial products company’s stock worth $58,580,000 after acquiring an additional 17,760 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Silgan by 1,500.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,532,884 shares of the industrial products company’s stock valued at $49,650,000 after purchasing an additional 1,437,109 shares during the period. FMR LLC raised its holdings in Silgan by 76.5% in the second quarter. FMR LLC now owns 1,180,902 shares of the industrial products company’s stock worth $38,250,000 after purchasing an additional 512,010 shares during the period. Finally, AJO LP raised its holdings in Silgan by 138.0% in the second quarter. AJO LP now owns 1,133,085 shares of the industrial products company’s stock worth $36,699,000 after purchasing an additional 656,922 shares during the period. 67.33% of the stock is owned by institutional investors.
Silgan stock traded up $0.21 during midday trading on Friday, reaching $39.69. The stock had a trading volume of 419,045 shares, compared to its average volume of 605,878. The stock has a market capitalization of $4.40 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71. The firm’s fifty day simple moving average is $37.54 and its 200-day simple moving average is $34.79. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.74 and a current ratio of 1.34. Silgan Holdings Inc. has a 1-year low of $24.65 and a 1-year high of $40.44.
A number of analysts recently commented on the stock. BidaskClub upgraded shares of Silgan from a “sell” rating to a “hold” rating in a research report on Friday, September 25th. Deutsche Bank Aktiengesellschaft raised their price target on Silgan from $31.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Seaport Global Securities assumed coverage on Silgan in a research report on Wednesday. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut Silgan from a “strong-buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Silgan presently has a consensus rating of “Hold” and a consensus target price of $37.50.
In other Silgan news, CFO Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $38.05, for a total transaction of $761,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 29.37% of the stock is currently owned by insiders.
Silgan Company Profile
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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