Robeco Schweiz AG Grows Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

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

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Silgan during the first quarter worth $51,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Silgan by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company's stock worth $353,000 after purchasing an additional 815 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Silgan by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company's stock worth $2,553,000 after purchasing an additional 695 shares in the last quarter. CX Institutional acquired a new position in shares of Silgan during the 1st quarter worth $42,000. Finally, SG Americas Securities LLC purchased a new position in shares of Silgan in the 1st quarter valued at about $302,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Insider Activity at Silgan

In related news, VP B Frederik Prinzen sold 2,378 shares of Silgan stock in a transaction on Tuesday, May 6th. The shares were 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 in the company, valued at approximately $74,589. The trade was a 63.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert B. Lewis sold 10,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 153,378 shares of the company's stock, valued at approximately $8,576,897.76. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.13% of the stock is owned by insiders.

Silgan Stock Down 0.3%

SLGN opened at $55.34 on Friday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75. Silgan Holdings Inc. has a 12 month low of $42.56 and a 12 month high of $58.14. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.14 and a quick ratio of 0.67. The business has a 50-day moving average of $54.79 and a two-hundred day moving average of $52.74.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. Silgan had a net margin of 4.82% and a return on equity of 20.00%. Silgan's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, research analysts expect 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 was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.45%. Silgan's payout ratio is 29.74%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 target price for the company in a report on Thursday, May 1st. Bank of America reaffirmed a "neutral" rating and issued a $59.00 price objective (up from $57.00) on shares of Silgan in a research note on Wednesday. Truist Financial decreased their target price on Silgan from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial upgraded Silgan from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the company from $65.00 to $60.00 in a research report on Tuesday, April 22nd. Finally, Citigroup boosted their target price on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Silgan presently has an average rating of "Moderate Buy" and a consensus target price of $62.89.

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.

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