Jane Street Group LLC Takes Position in Silgan Holdings Inc. $SLGN

Key Points

• Jane Street Group LLC acquired 193,496 shares of Silgan Holdings Inc., valued at approximately $9.9 million, representing a 0.18% ownership interest in the company.
• Silgan announced a quarterly dividend of $0.20 per share, with an annualized yield of 1.7%, and the ex-dividend date set for September 2nd.
• In the latest earnings report, Silgan's earnings per share (EPS) for the quarter was $1.01, slightly below analysts' expectations, while revenue increased by 11.4% year-over-year to $1.54 billion.

Jane Street Group LLC purchased a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 193,496 shares of the industrial products company's stock, valued at approximately $9,892,000. Jane Street Group LLC owned about 0.18% of Silgan as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Synovus Financial Corp grew its holdings in Silgan by 36.8% in the first quarter. Synovus Financial Corp now owns 31,075 shares of the industrial products company's stock worth $1,589,000 after purchasing an additional 8,354 shares during the period. Jump Financial LLC acquired a new position in shares of Silgan during the first quarter valued at about $1,682,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Silgan by 10.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 25,816 shares of the industrial products company's stock valued at $1,320,000 after buying an additional 2,469 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Silgan by 18.5% during the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock valued at $146,657,000 after buying an additional 448,828 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Silgan by 4,394.1% during the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock worth $39,000 after purchasing an additional 747 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president directly owned 142,378 shares in the company, valued at $6,649,052.60. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on SLGN shares. Raymond James Financial lowered their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 31st. Citigroup boosted their price target on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Bank of America raised shares of Silgan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Finally, Wells Fargo & Company increased their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Silgan has a consensus rating of "Buy" and a consensus price target of $62.22.

Silgan Trading Up 0.8%

NYSE SLGN traded up $0.34 during trading on Friday, hitting $45.19. The company had a trading volume of 497,467 shares, compared to its average volume of 816,784. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. Silgan Holdings Inc. has a one year low of $44.36 and a one year high of $58.14. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71. The company's fifty day moving average is $50.57 and its 200-day moving average is $51.76.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.88 earnings per share. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. On average, sell-side analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

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.