Trexquant Investment LP purchased a new stake in Silgan Holdings Inc. (NASDAQ:SLGN) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 9,509 shares of the industrial products company’s stock, valued at approximately $280,000.
A number of other institutional investors also recently modified their holdings of SLGN. Teachers Advisors LLC lifted its stake in Silgan by 23.9% in the 1st quarter. Teachers Advisors LLC now owns 44,393 shares of the industrial products company’s stock worth $2,635,000 after purchasing an additional 8,553 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Silgan by 1.5% during the 1st quarter. California Public Employees Retirement System now owns 20,900 shares of the industrial products company’s stock worth $1,241,000 after buying an additional 300 shares during the last quarter. Capstone Asset Management Co. increased its holdings in shares of Silgan by 97.1% during the 2nd quarter. Capstone Asset Management Co. now owns 8,768 shares of the industrial products company’s stock worth $279,000 after buying an additional 4,319 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Silgan by 89.3% during the 2nd quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,847 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Silgan by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,000 shares of the industrial products company’s stock worth $636,000 after buying an additional 10,000 shares during the last quarter. 66.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Silgan Holdings Inc. (SLGN) traded up $0.07 on Friday, reaching $29.39. 259,034 shares of the company were exchanged, compared to its average volume of 406,665. Silgan Holdings Inc. has a 52-week low of $25.55 and a 52-week high of $32.50. The stock has a market capitalization of $3,236.13, a PE ratio of 22.35, a PEG ratio of 1.79 and a beta of 0.52. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.96.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.09 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.22%. Silgan’s dividend payout ratio is presently 27.38%.
In other news, Director William C. Jennings sold 25,642 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $28.38, for a total transaction of $727,719.96. Following the transaction, the director now directly owns 42,180 shares in the company, valued at $1,197,068.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 33.10% of the company’s stock.
SLGN has been the subject of a number of recent analyst reports. BMO Capital Markets restated a “buy” rating and set a $34.00 price target on shares of Silgan in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Silgan from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday. KeyCorp reiterated a “hold” rating on shares of Silgan in a report on Thursday, October 12th. Royal Bank of Canada began coverage on shares of Silgan in a research note on Monday, October 9th. They issued a “sector perform” rating and a $30.00 price target for the company. Finally, Robert W. Baird restated a “hold” rating and issued a $32.00 price target on shares of Silgan in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.00.
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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