BNP Paribas Financial Markets Has $2.88 Million Holdings in Silgan Holdings Inc. (NYSE:SLGN)

BNP Paribas Financial Markets lifted its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 144.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,938 shares of the industrial products company's stock after buying an additional 32,432 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Silgan worth $2,884,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SLGN. Price T Rowe Associates Inc. MD lifted its stake in Silgan by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,416 shares of the industrial products company's stock valued at $2,060,000 after purchasing an additional 2,386 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Silgan by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company's stock worth $50,000 after acquiring an additional 613 shares in the last quarter. CWM LLC grew its holdings in shares of Silgan by 203.0% in the 2nd quarter. CWM LLC now owns 3,039 shares of the industrial products company's stock worth $129,000 after acquiring an additional 2,036 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Silgan by 25.6% during the second quarter. QRG Capital Management Inc. now owns 22,441 shares of the industrial products company's stock worth $950,000 after purchasing an additional 4,567 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Silgan during the second quarter valued at $529,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Price Performance

Shares of NYSE SLGN traded down $1.05 during midday trading on Friday, reaching $55.38. 466,676 shares of the company traded hands, compared to its average volume of 565,870. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09. The stock's 50-day simple moving average is $53.31 and its 200-day simple moving average is $49.51. The firm has a market cap of $5.91 billion, a PE ratio of 20.11, a PEG ratio of 1.49 and a beta of 0.69.

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

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Monday, December 2nd. Silgan's dividend payout ratio is presently 27.54%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLGN. Royal Bank of Canada upped their price target on Silgan from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.43.

Silgan Company 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.