Integrated Advisors Network LLC Purchases Shares of 10,477 Silgan Holdings Inc. (NYSE:SLGN)

Integrated Advisors Network LLC purchased a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,477 shares of the industrial products company's stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GeoWealth Management LLC bought a new position in Silgan in the fourth quarter worth about $56,000. Bank of Jackson Hole Trust bought a new position in shares of Silgan in the 4th quarter worth approximately $59,000. Smartleaf Asset Management LLC raised its holdings in Silgan by 1,229.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,906 shares in the last quarter. KBC Group NV raised its holdings in Silgan by 52.5% in the fourth quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock worth $181,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Silgan by 153.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,545 shares of the industrial products company's stock worth $185,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Stock Up 0.1%

Shares of SLGN traded up $0.04 on Friday, hitting $55.12. 508,290 shares of the stock traded hands, compared to its average volume of 665,437. The company has a market capitalization of $5.90 billion, a PE ratio of 21.36, a P/E/G ratio of 1.27 and a beta of 0.74. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. The business has a 50 day simple moving average of $51.88 and a 200 day simple moving average of $52.78. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. Silgan had a return on equity of 19.70% and a net margin of 4.72%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. As a group, equities analysts forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.45%. Silgan's payout ratio is 29.74%.

Analyst Ratings Changes

Several brokerages recently issued reports on SLGN. Citigroup increased their price target on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target for the company in a research note on Thursday, May 1st. Truist Financial decreased their target price on shares of Silgan from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Raymond James raised shares of Silgan from an "outperform" rating to a "strong-buy" rating and decreased their target price for the company from $65.00 to $60.00 in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Silgan has an average rating of "Buy" and an average target price of $63.11.

Insider Buying and Selling

In other Silgan news, VP B Frederik Prinzen sold 2,378 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $54.05, for a total transaction of $128,530.90. Following the completion of the sale, the vice president now directly owns 1,380 shares in the company, valued at $74,589. The trade was a 63.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert B. Lewis sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $55.92, for a total transaction of $559,200.00. Following the sale, the executive vice president now owns 153,378 shares of the company's stock, valued at $8,576,897.76. This trade represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.

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.