Deutsche Bank AG Purchases New Position in Silgan Holdings Inc. $SLGN

Key Points

• Deutsche Bank acquired 79,050 shares of Silgan Holdings during the second quarter, valued at approximately $3.67 million. Institutional investors collectively own 70.25% of the company.
• Analysts remain broadly optimistic, with one Strong Buy, eight Buy and three Hold ratings. Silgan has a consensus price target of $54, compared with its reported share price of $42.67.
• Silgan exceeded quarterly earnings expectations, reporting $0.98 in EPS and $1.64 billion in revenue, while revenue increased 6.8% year over year. The company also declared a quarterly dividend of $0.21 per share, representing a 2.0% annualized yield.

Deutsche Bank AG acquired a new position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 79,050 shares of the industrial products company's stock, valued at approximately $3,667,000. Deutsche Bank AG owned approximately 0.07% of Silgan as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Silgan by 1.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company's stock worth $704,000 after buying an additional 221 shares during the period. Inspire Advisors LLC increased its stake in shares of Silgan by 4.5% during the fourth quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company's stock valued at $207,000 after buying an additional 221 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Silgan by 2.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company's stock valued at $456,000 after acquiring an additional 278 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Silgan by 37.4% in the fourth quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 295 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Silgan by 4.8% in the second quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company's stock worth $367,000 after acquiring an additional 308 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets started coverage on shares of Silgan in a report on Thursday, July 16th. They set an "outperform" rating and a $57.00 target price on the stock. Royal Bank Of Canada raised shares of Silgan from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $51.00 to $58.00 in a research report on Thursday, August 13th. Raymond James Financial reiterated an "outperform" rating and set a $59.00 price objective on shares of Silgan in a research note on Wednesday, July 15th. UBS Group set a $47.00 price objective on shares of Silgan and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Bank of America upped their target price on Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Silgan presently has an average rating of "Moderate Buy" and a consensus price target of $54.00.

Silgan Price Performance

Shares of SLGN opened at $42.67 on Wednesday. The company has a 50 day moving average of $43.76 and a two-hundred day moving average of $42.31. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.47 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. Silgan Holdings Inc. has a twelve month low of $35.68 and a twelve month high of $49.55.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, analysts predict that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Silgan's dividend payout ratio (DPR) is 32.94%.

Silgan Profile

Silgan Holdings Inc NYSE: SLGN is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company's core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.

Want to see what other hedge funds are holding SLGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silgan Holdings Inc. (NYSE:SLGN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source