UBS Asset Management Americas Inc. increased its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,094 shares of the company’s stock after buying an additional 1,767 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of Silgan Holdings worth $2,063,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its position in shares of Silgan Holdings by 1.5% in the first quarter. State Street Corp now owns 1,014,295 shares of the company’s stock valued at $53,936,000 after buying an additional 15,392 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Silgan Holdings by 0.4% in the first quarter. Wellington Management Group LLP now owns 1,908,465 shares of the company’s stock valued at $101,473,000 after buying an additional 8,008 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Silgan Holdings by 4.3% in the first quarter. Geode Capital Management LLC now owns 278,188 shares of the company’s stock valued at $14,791,000 after buying an additional 11,428 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Silgan Holdings by 80.2% in the first quarter. Goldman Sachs Group Inc. now owns 187,874 shares of the company’s stock valued at $9,989,000 after buying an additional 83,621 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Silgan Holdings by 58.2% in the first quarter. UBS Group AG now owns 12,935 shares of the company’s stock valued at $688,000 after buying an additional 4,758 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.
Shares of Silgan Holdings Inc. (NASDAQ:SLGN) traded down 1.01% during mid-day trading on Friday, reaching $47.79. The company had a trading volume of 332,993 shares. The stock has a 50 day moving average price of $49.06 and a 200 day moving average price of $50.69. Silgan Holdings Inc. has a 12-month low of $47.00 and a 12-month high of $56.04. The firm has a market capitalization of $2.89 billion, a PE ratio of 18.57 and a beta of 0.54.
Silgan Holdings (NASDAQ:SLGN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The firm earned $874.60 million during the quarter, compared to the consensus estimate of $895.15 million. Silgan Holdings had a return on equity of 25.69% and a net margin of 4.23%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts forecast that Silgan Holdings Inc. will post $2.80 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Silgan Holdings’s dividend payout ratio (DPR) is presently 26.25%.
Several research analysts have commented on the company. Zacks Investment Research raised Silgan Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Wells Fargo & Co. downgraded Silgan Holdings from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Citigroup Inc. lowered their price objective on Silgan Holdings from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Silgan Holdings in a research note on Tuesday, September 13th. They issued a “neutral” rating and a $51.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Silgan Holdings currently has an average rating of “Hold” and a consensus target price of $52.33.
In related news, VP B Frederik Prinzen sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $48.05, for a total transaction of $48,050.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Anthony P. Andreacchi sold 1,221 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $48.48, for a total value of $59,194.08. The disclosure for this sale can be found here. Insiders own 32.94% of the company’s stock.
Silgan Holdings Company Profile
Silgan Holdings Inc (Silgan) is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The Company operates through three segments: metal container, closures and plastic container. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.