Susquehanna International Group LLP Has $8.17 Million Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Susquehanna International Group LLP grew its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 13,943.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,010 shares of the industrial products company's stock after purchasing an additional 155,892 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Silgan worth $8,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC acquired a new position in shares of Silgan during the 4th quarter worth $56,000. Bank of Jackson Hole Trust purchased a new stake in shares of Silgan during the fourth quarter worth about $59,000. Smartleaf Asset Management LLC raised its holdings in Silgan by 1,229.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 1,906 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $137,000 after buying an additional 863 shares during the period. Finally, KBC Group NV boosted its position in shares of Silgan by 52.5% in the fourth 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. 70.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 20,000 shares of the firm's 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 transaction, the executive vice president now owns 152,133 shares in the company, valued at approximately $8,096,518.26. This trade represents a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam J. Greenlee sold 125,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $54.73, for a total value of $6,841,250.00. Following the completion of the sale, the chief executive officer now directly owns 227,332 shares of the company's stock, valued at $12,441,880.36. This represents a 35.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

Silgan Price Performance

Shares of NYSE:SLGN traded up $2.14 during trading on Friday, reaching $54.85. The company had a trading volume of 944,730 shares, compared to its average volume of 660,929. The firm's fifty day moving average is $50.43 and its 200 day moving average is $52.47. 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 firm has a market capitalization of $5.87 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. Silgan Holdings Inc. has a twelve month low of $41.14 and a twelve 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 analysts' consensus estimates of $0.78 by $0.04. Silgan had a return on equity of 19.70% and a net margin of 4.72%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.20 dividend. This is an increase from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, March 17th. Silgan's payout ratio is presently 29.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a research report on Thursday. Robert W. Baird lifted their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their price objective on shares of Silgan from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Loop Capital upped their price target on Silgan from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. One 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. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $62.78.

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.