Bernzott Capital Advisors Has $7.39 Million Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Bernzott Capital Advisors decreased its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 141,887 shares of the industrial products company's stock after selling 13,340 shares during the quarter. Silgan accounts for approximately 3.7% of Bernzott Capital Advisors' holdings, making the stock its 4th biggest holding. Bernzott Capital Advisors owned approximately 0.13% of Silgan worth $7,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in shares of Silgan by 220.4% in the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock valued at $74,000 after purchasing an additional 963 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Silgan by 51.8% during the third quarter. GAMMA Investing LLC now owns 1,777 shares of the industrial products company's stock valued at $93,000 after acquiring an additional 606 shares during the period. KBC Group NV increased its position in Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company's stock worth $120,000 after purchasing an additional 494 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Silgan by 13,482.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,124 shares of the industrial products company's stock worth $132,000 after buying an additional 3,101 shares during the period. Finally, Quarry LP raised its stake in shares of Silgan by 226.0% during the second quarter. Quarry LP now owns 3,589 shares of the industrial products company's stock worth $152,000 after buying an additional 2,488 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Silgan Price Performance

Shares of SLGN stock traded down $0.20 during trading hours on Friday, reaching $52.62. The company's stock had a trading volume of 457,182 shares, compared to its average volume of 458,798. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.16 and a beta of 0.71. The firm's 50 day simple moving average is $53.87 and its 200-day simple moving average is $51.04.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.82 billion. Silgan had a net margin of 5.11% and a return on equity of 18.76%. During the same quarter in the previous year, the business posted $1.16 earnings per share. The company's revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.19 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.44%. Silgan's dividend payout ratio is presently 27.54%.

Analysts Set New Price Targets

SLGN has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a report on Monday, January 6th. Truist Financial boosted their price objective on Silgan from $63.00 to $69.00 and gave the company a "buy" rating in a research report on Monday, January 6th. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their target price on Silgan from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Silgan presently has a consensus rating of "Moderate Buy" and an average price target of $59.75.

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.