UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $10.37 Million Stake in Silgan Holdings Inc. (NYSE:SLGN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,202 shares of the industrial products company's stock after purchasing an additional 18,670 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Silgan worth $10,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Millennium Management LLC grew its position in Silgan by 764.7% in the 4th quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock valued at $52,708,000 after buying an additional 895,528 shares in the last quarter. FMR LLC lifted its stake in shares of Silgan by 12.2% in the 4th quarter. FMR LLC now owns 7,046,400 shares of the industrial products company's stock worth $366,765,000 after acquiring an additional 767,944 shares during the period. Norges Bank bought a new position in shares of Silgan in the fourth quarter valued at approximately $38,680,000. JPMorgan Chase & Co. increased its stake in shares of Silgan by 12.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company's stock valued at $301,670,000 after acquiring an additional 656,923 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Silgan by 87.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company's stock worth $65,257,000 after purchasing an additional 584,840 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Trading Up 1.0%

SLGN traded up $0.55 during trading on Tuesday, reaching $54.47. The company had a trading volume of 121,963 shares, compared to its average volume of 662,585. The firm's 50-day simple moving average is $51.93 and its 200 day simple moving average is $52.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.27 and a beta of 0.74. Silgan Holdings Inc. has a 12-month low of $41.14 and a 12-month high of $58.14.

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

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. Silgan's dividend payout ratio (DPR) is presently 29.74%.

Insider Activity

In other Silgan news, EVP Robert B. Lewis sold 10,000 shares of Silgan stock in a transaction 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 sale, the executive vice president now owns 153,378 shares of the company's stock, valued at $8,576,897.76. This trade represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP B Frederik Prinzen sold 2,378 shares of the business's 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 now owns 1,380 shares in the company, valued at approximately $74,589. This represents a 63.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SLGN shares. Citigroup increased their price target on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Truist Financial lowered their target price on Silgan from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Raymond James upgraded shares of 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, JPMorgan Chase & Co. raised shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $63.11.

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.