Bernzott Capital Advisors Sells 31,404 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Bernzott Capital Advisors trimmed its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,483 shares of the industrial products company's stock after selling 31,404 shares during the period. Silgan comprises about 2.8% of Bernzott Capital Advisors' investment portfolio, making the stock its 22nd biggest position. Bernzott Capital Advisors owned about 0.10% of Silgan worth $5,648,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SLGN. Proficio Capital Partners LLC bought a new stake in shares of Silgan in the 4th quarter valued at approximately $873,000. Raymond James Financial Inc. bought a new stake in shares of Silgan in the 4th quarter valued at approximately $11,419,000. Swiss National Bank lifted its stake in shares of Silgan by 0.7% in the 4th quarter. Swiss National Bank now owns 168,000 shares of the industrial products company's stock valued at $8,744,000 after purchasing an additional 1,200 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Silgan by 5.4% in the 4th quarter. Natixis Advisors LLC now owns 47,498 shares of the industrial products company's stock valued at $2,472,000 after purchasing an additional 2,427 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Silgan by 10.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,822 shares of the industrial products company's stock valued at $511,000 after purchasing an additional 920 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Silgan Trading Down 0.2%

Shares of SLGN stock traded down $0.11 during mid-day trading on Monday, hitting $55.09. 87,614 shares of the company's stock were exchanged, compared to its average volume of 667,881. Silgan Holdings Inc. has a fifty-two week low of $44.37 and a fifty-two week high of $58.14. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.29 and a beta of 0.75. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 1.67. The stock has a 50-day simple moving average of $54.88 and a two-hundred day simple moving average of $52.86.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The business 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 20.00% and a net margin of 4.82%. The business's revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. Equities analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

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

Insider Buying and Selling at Silgan

In related news, EVP Robert B. Lewis sold 10,000 shares of Silgan stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $55.92, for a total transaction of $559,200.00. Following the sale, the executive vice president directly owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP B Frederik Prinzen sold 2,378 shares of the firm'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 transaction, the vice president owned 1,380 shares of the company's stock, valued at approximately $74,589. This represents a 63.28% decrease in their position. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SLGN shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Silgan in a report on Tuesday, July 15th. Wells Fargo & Company increased their price target on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday. Citigroup increased their price target on Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Bank of America restated a "neutral" rating and set a $59.00 price objective (up from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Finally, Truist Financial set a $67.00 price objective on Silgan and gave the stock a "buy" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.78.

Silgan 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.