Janus Henderson Group PLC Raises Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Janus Henderson Group PLC raised its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,515,582 shares of the industrial products company's stock after buying an additional 401,890 shares during the quarter. Janus Henderson Group PLC owned about 1.42% of Silgan worth $78,885,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GeoWealth Management LLC bought a new stake in shares of Silgan in the 4th quarter worth approximately $56,000. Bank of Jackson Hole Trust bought a new stake in shares of Silgan during the fourth quarter valued at approximately $59,000. Smartleaf Asset Management LLC boosted its position in shares of Silgan by 1,229.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock valued at $107,000 after purchasing an additional 1,906 shares in the last quarter. KBC Group NV boosted its position in shares of Silgan by 52.5% during the fourth quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock valued at $181,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Silgan by 153.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,545 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 2,145 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SLGN has been the topic of several research reports. Citigroup lifted their price target on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird boosted their target price on Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised 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. Raymond James raised Silgan from an "outperform" rating to a "strong-buy" rating and dropped their target price for the stock from $65.00 to $60.00 in a report on Tuesday, April 22nd. Finally, Truist Financial dropped 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. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $63.11.

Silgan Stock Up 1.0%

Shares of SLGN stock traded up $0.56 during mid-day trading on Friday, hitting $55.44. The company's stock had a trading volume of 581,710 shares, compared to its average volume of 667,199. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. The business has a 50-day moving average price of $50.79 and a 200 day moving average price of $52.68. 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 stock has a market cap of $5.93 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.27 and a beta of 0.74.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.48 billion. Silgan had a return on equity of 19.70% and a net margin of 4.72%. 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 earned $0.69 earnings per share. Research analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, June 2nd. Silgan's dividend payout ratio (DPR) is presently 29.74%.

Insider Activity at Silgan

In related news, VP B Frederik Prinzen sold 2,378 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $54.05, for a total transaction of $128,530.90. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam J. Greenlee sold 125,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total value of $6,841,250.00. Following the sale, the chief executive officer now owns 227,332 shares of the company's stock, valued at approximately $12,441,880.36. This trade represents a 35.48% decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

Silgan 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.