UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 18,670 Shares of Silgan Holdings Inc. (NYSE:SLGN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 (SEC). The fund 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 0.19% of Silgan worth $10,368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings 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 worth $52,708,000 after purchasing an additional 895,528 shares during the last quarter. FMR LLC increased its holdings in Silgan by 12.2% in the fourth quarter. FMR LLC now owns 7,046,400 shares of the industrial products company's stock valued at $366,765,000 after purchasing an additional 767,944 shares during the last quarter. Norges Bank bought a new stake in shares of Silgan in the fourth quarter worth about $38,680,000. JPMorgan Chase & Co. grew its holdings 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 worth $301,670,000 after buying an additional 656,923 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position 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 valued at $65,257,000 after purchasing an additional 584,840 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Silgan Trading Down 1.7%

Shares of NYSE:SLGN traded down $0.94 during mid-day trading on Wednesday, reaching $53.53. 412,637 shares of the company were exchanged, compared to its average volume of 663,558. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 1.27 and a beta of 0.74. The firm's 50-day simple moving average is $52.05 and its 200 day simple moving average is $52.80.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The firm 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 revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Equities research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The company also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, June 2nd. Silgan's dividend payout ratio is 29.74%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLGN. Raymond James raised Silgan from an "outperform" rating to a "strong-buy" rating and cut their price objective for the company from $65.00 to $60.00 in a report on Tuesday, April 22nd. Truist Financial dropped their price objective on Silgan from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup boosted their price target on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective on the stock in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $63.11.

Insider Buying and Selling

In other Silgan news, EVP Robert B. Lewis sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $55.92, for a total transaction of $559,200.00. Following the completion of the transaction, the executive vice president now owns 153,378 shares of the company's stock, valued at $8,576,897.76. This represents a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP B Frederik Prinzen sold 2,378 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $54.05, for a total value of $128,530.90. Following the completion of the sale, the vice president now directly owns 1,380 shares of the company's stock, valued at approximately $74,589. The trade was a 63.28% decrease in their position. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by insiders.

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.