Trexquant Investment LP Acquires Shares of 109,067 Silgan Holdings Inc. $SLGN

Key Points

• Trexquant Investment LP has purchased a new stake in Silgan Holdings Inc., acquiring 109,067 shares valued at approximately $5.58 million, representing 0.10% ownership of the company.
• Silgan recently announced a quarterly dividend of $0.20 per share, with a yield of 1.7%, to be paid on September 16th to shareholders of record on September 2nd.
• Wall Street analysts have positive sentiment towards Silgan, with several firms raising their price targets, resulting in a consensus rating of “Buy” and an average target price of $62.22.

Trexquant Investment LP acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 109,067 shares of the industrial products company's stock, valued at approximately $5,576,000. Trexquant Investment LP owned 0.10% of Silgan at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SLGN. Brooklyn Investment Group increased its stake in shares of Silgan by 4,394.1% in the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock valued at $39,000 after buying an additional 747 shares during the period. CX Institutional acquired a new stake in Silgan during the 1st quarter valued at approximately $42,000. UMB Bank n.a. increased its position in Silgan by 254.9% during the 1st quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 645 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Silgan during the 1st quarter valued at approximately $51,000. Finally, Continuum Advisory LLC increased its position in Silgan by 2,754.3% during the 1st quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 1,267 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Stock Up 0.6%

Shares of SLGN traded up $0.27 during trading hours on Thursday, reaching $44.84. The stock had a trading volume of 1,446,396 shares, compared to its average volume of 818,938. Silgan Holdings Inc. has a 12 month low of $44.36 and a 12 month high of $58.14. The firm has a 50-day simple moving average of $50.77 and a 200 day simple moving average of $51.82. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.22 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. Silgan's revenue for the quarter was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Equities research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is currently 28.47%.

Insider Buying and Selling

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.13% of the company's stock.

Analysts Set New Price Targets

SLGN has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Bank of America raised shares of Silgan from a "neutral" rating to a "buy" rating and increased their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Citigroup increased their target price on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial decreased their target price on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $62.22.

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.