Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 96.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,062 shares of the industrial products company's stock after selling 210,893 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Silgan were worth $368,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLGN. Barclays PLC lifted its stake in shares of Silgan by 23.6% in the 3rd quarter. Barclays PLC now owns 57,327 shares of the industrial products company's stock valued at $3,010,000 after purchasing an additional 10,936 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Silgan in the fourth quarter worth about $2,563,000. KBC Group NV lifted its stake in shares of 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 buying an additional 1,196 shares in the last quarter. Ausbil Investment Management Ltd lifted its stake in shares of Silgan by 93.9% in the fourth quarter. Ausbil Investment Management Ltd now owns 12,579 shares of the industrial products company's stock worth $642,000 after buying an additional 6,091 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of Silgan in the fourth quarter worth about $255,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SLGN shares. Robert W. Baird raised their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a research report on Thursday, May 1st. Royal Bank of Canada raised their price objective on shares of Silgan from $63.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Citigroup raised their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Raymond James upgraded shares of Silgan from an "outperform" rating to a "strong-buy" rating and cut their price objective for the stock from $65.00 to $60.00 in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $63.11.

Silgan Stock Up 0.3%

Shares of NYSE SLGN traded up $0.15 during midday trading on Friday, hitting $55.23. The company's stock had a trading volume of 146,374 shares, compared to its average volume of 662,660. The business's fifty day simple moving average is $51.78 and its two-hundred day simple moving average is $52.80. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74.

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

Silgan Announces Dividend

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

Insider Buying and Selling

In other Silgan news, 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 completion of the transaction, the executive vice president now owns 153,378 shares in the company, valued at $8,576,897.76. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP B Frederik Prinzen sold 2,378 shares of the business's stock in a transaction that occurred on 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 now owns 1,380 shares of the company's stock, valued at $74,589. This trade represents a 63.28% decrease in their position. The disclosure for this sale can be found here. 1.13% of the stock is owned by 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.