Silgan Holdings Inc. (NYSE:SLGN) Shares Purchased by Robeco Schweiz AG

Robeco Schweiz AG raised its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 35.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,187 shares of the industrial products company's stock after acquiring an additional 56,739 shares during the period. Robeco Schweiz AG owned about 0.20% of Silgan worth $11,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Silgan by 0.8% during the fourth quarter. Arizona State Retirement System now owns 24,792 shares of the industrial products company's stock valued at $1,290,000 after purchasing an additional 195 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Silgan by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company's stock worth $992,000 after acquiring an additional 200 shares during the period. Central Pacific Bank Trust Division grew its position in shares of Silgan by 5.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock worth $192,000 after buying an additional 210 shares during the period. Aristeia Capital L.L.C. lifted its holdings in shares of Silgan by 4.0% during the fourth quarter. Aristeia Capital L.L.C. now owns 5,488 shares of the industrial products company's stock valued at $286,000 after purchasing an additional 212 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Silgan by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,440 shares of the industrial products company's stock worth $1,897,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a report on Thursday, May 1st. Bank of America reiterated a "neutral" rating and issued a $59.00 price target (up previously from $57.00) on shares of Silgan in a research note on Wednesday, July 9th. Truist Financial set a $67.00 target price on shares of Silgan and gave the stock a "buy" rating in a report on Friday. Raymond James Financial upgraded Silgan from an "outperform" rating to a "strong-buy" rating and cut their price target for the company from $65.00 to $60.00 in a report on Tuesday, April 22nd. Finally, Citigroup increased their price target on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Two 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's stock. Based on data from MarketBeat, Silgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.44.

Silgan Trading Down 0.2%

SLGN stock traded down $0.11 during midday trading on Monday, hitting $54.88. 376,211 shares of the company's stock were exchanged, compared to its average volume of 717,519. The business has a 50-day simple moving average of $54.79 and a two-hundred day simple moving average of $52.75. The stock has a market capitalization of $5.87 billion, a PE ratio of 20.40, a P/E/G ratio of 1.27 and a beta of 0.75. Silgan Holdings Inc. has a 1-year low of $44.17 and a 1-year high of $58.14. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 1.67.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.48 billion. Silgan had a return on equity of 20.00% and a net margin of 4.82%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. On average, sell-side analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. Silgan's dividend payout ratio (DPR) is currently 29.74%.

Insider Buying and Selling at Silgan

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

About Silgan

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.