Universal Beteiligungs und Servicegesellschaft mbH Invests $2.01 Million in Silgan Holdings Inc. (NYSE:SLGN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 39,292 shares of the industrial products company's stock, valued at approximately $2,009,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CX Institutional purchased a new stake in Silgan in the 1st quarter valued at about $42,000. UMB Bank n.a. raised its stake in shares of 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. purchased a new position in Silgan during the first quarter valued at approximately $51,000. GeoWealth Management LLC purchased a new stake in shares of Silgan in the fourth quarter worth $56,000. Finally, Continuum Advisory LLC lifted its position in Silgan by 2,754.3% during the first 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 last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Stock Performance

NYSE:SLGN traded down $0.81 on Friday, hitting $45.72. The stock had a trading volume of 2,611,167 shares, compared to its average volume of 1,031,592. The business's 50-day simple moving average is $54.45 and its two-hundred day simple moving average is $52.96. The company has a quick ratio of 0.67, a current ratio of 0.48 and a debt-to-equity ratio of 1.67. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69. Silgan Holdings Inc. has a 52-week low of $44.37 and a 52-week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. Silgan's payout ratio is currently 28.47%.

Insider Activity at Silgan

In related news, EVP Robert B. Lewis sold 10,000 shares of the business'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 value of $559,200.00. Following the completion of the sale, the executive vice president owned 153,378 shares in the company, valued at approximately $8,576,897.76. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP B Frederik Prinzen sold 2,378 shares of the firm's stock in a transaction 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 transaction, the vice president owned 1,380 shares in the company, valued at approximately $74,589. This 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SLGN shares. Raymond James Financial decreased their price objective on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday. JPMorgan Chase & Co. upgraded Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 target price on the stock in a report on Thursday, May 1st. Bank of America reissued a "neutral" rating and set a $59.00 price target (up from $57.00) on shares of Silgan in a research report on Wednesday, July 9th. Finally, Citigroup raised 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. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Silgan currently has an average rating of "Moderate Buy" and a consensus price target of $62.44.

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.