Ontario Teachers Pension Plan Board Raises Stake in Silgan Holdings Inc. (NYSE:SLGN)

Ontario Teachers Pension Plan Board raised its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,611 shares of the industrial products company's stock after acquiring an additional 9,751 shares during the period. Ontario Teachers Pension Plan Board's holdings in Silgan were worth $1,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Jackson Hole Trust bought a new stake in shares of Silgan in the 4th quarter worth about $59,000. Smartleaf Asset Management LLC raised its holdings in Silgan by 1,229.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock valued at $107,000 after buying an additional 1,906 shares during the period. GAMMA Investing LLC increased its position in Silgan by 48.6% during the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock valued at $137,000 after acquiring an additional 863 shares during the last quarter. KBC Group NV lifted its holdings in shares of Silgan by 52.5% in the 4th quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock worth $181,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Silgan by 153.2% during the 4th 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 during the last quarter. Institutional investors own 70.25% of the company's stock.

Insiders Place Their Bets

In other news, EVP Robert B. Lewis sold 20,000 shares of Silgan stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the sale, the executive vice president now directly owns 152,133 shares in the company, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam J. Greenlee sold 125,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the sale, the chief executive officer now directly owns 227,332 shares in the company, valued at $12,441,880.36. This trade represents a 35.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company's stock.

Silgan Stock Down 1.0 %

Shares of NYSE:SLGN traded down $0.48 on Monday, reaching $48.83. The company had a trading volume of 87,719 shares, compared to its average volume of 651,396. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $5.22 billion, a PE ratio of 18.93, a PEG ratio of 1.27 and a beta of 0.81. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. The firm's 50 day simple moving average is $50.92 and its 200-day simple moving average is $52.45.

Silgan (NYSE:SLGN - Get Free Report) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. As a group, analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.20 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.64%. Silgan's dividend payout ratio (DPR) is 31.01%.

Analysts Set New Price Targets

Several research analysts have issued reports on SLGN shares. Loop Capital boosted their target price on Silgan from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their price target on shares of Silgan from $63.00 to $65.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Bank of America boosted their price objective on shares of Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Silgan from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, Raymond James boosted their price target on Silgan from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.22.

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.