Dimensional Fund Advisors LP Raises Stake in Silgan Holdings Inc. (NYSE:SLGN)

Dimensional Fund Advisors LP increased its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,062,013 shares of the industrial products company's stock after purchasing an additional 11,836 shares during the period. Dimensional Fund Advisors LP owned approximately 2.87% of Silgan worth $159,377,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GeoWealth Management LLC purchased a new stake in shares of Silgan during the fourth quarter worth $56,000. Bank of Jackson Hole Trust acquired a new position in shares of Silgan during the fourth quarter worth about $59,000. Smartleaf Asset Management LLC increased its stake in shares of Silgan by 1,229.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after buying an additional 1,906 shares during the period. GAMMA Investing LLC lifted its stake in Silgan by 48.6% in the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock worth $137,000 after acquiring an additional 863 shares during the last quarter. Finally, KBC Group NV grew its holdings in Silgan by 52.5% during the 4th quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock worth $181,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Insider Buying and Selling

In other Silgan news, CEO Adam J. Greenlee sold 125,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the sale, the chief executive officer now directly owns 227,332 shares in the company, valued at approximately $12,441,880.36. The trade was a 35.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the transaction, the executive vice president now owns 152,133 shares of the company's stock, valued at $8,096,518.26. This represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SLGN shares. Royal Bank of Canada increased their target price on Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Silgan from $53.00 to $57.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Wells Fargo & Company upped their target price on shares of Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Loop Capital lifted their price target on shares of Silgan from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Raymond James upgraded shares of Silgan from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the company from $65.00 to $60.00 in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Silgan presently has a consensus rating of "Moderate Buy" and an average target price of $62.78.

Silgan Stock Performance

SLGN traded down $0.96 on Wednesday, hitting $51.49. 1,555,799 shares of the company traded hands, compared to its average volume of 664,578. The company has a 50 day moving average of $50.47 and a 200-day moving average of $52.43. Silgan Holdings Inc. has a 12-month low of $41.14 and a 12-month high of $58.14. The stock has a market capitalization of $5.51 billion, a PE ratio of 19.96, a PEG ratio of 1.27 and a beta of 0.81. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. Silgan had a return on equity of 19.70% and a net margin of 4.72%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Silgan's previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. Silgan's payout ratio is 31.01%.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.