Boston Trust Walden Corp Decreases Stake in Silgan Holdings Inc. (NYSE:SLGN)

Boston Trust Walden Corp lessened its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,877,157 shares of the industrial products company's stock after selling 4,793 shares during the period. Boston Trust Walden Corp owned approximately 1.76% of Silgan worth $97,706,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nicola Wealth Management LTD. lifted its stake in Silgan by 24.4% in the third quarter. Nicola Wealth Management LTD. now owns 96,900 shares of the industrial products company's stock worth $5,087,000 after acquiring an additional 19,000 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Silgan during the 3rd quarter worth $2,975,000. BNP Paribas Financial Markets grew its stake in shares of Silgan by 144.1% during the third quarter. BNP Paribas Financial Markets now owns 54,938 shares of the industrial products company's stock worth $2,884,000 after purchasing an additional 32,432 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Silgan by 1.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,610,421 shares of the industrial products company's stock valued at $137,047,000 after buying an additional 29,565 shares during the last quarter. Finally, Versor Investments LP raised its stake in Silgan by 112.7% in the third quarter. Versor Investments LP now owns 10,208 shares of the industrial products company's stock valued at $536,000 after buying an additional 5,408 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Stock Performance

Shares of NYSE:SLGN traded down $0.78 on Thursday, reaching $54.20. The company's stock had a trading volume of 623,146 shares, compared to its average volume of 690,089. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. The stock's 50-day moving average is $53.43 and its two-hundred day moving average is $52.12. The stock has a market capitalization of $5.79 billion, a P/E ratio of 21.01, a PEG ratio of 1.26 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, sell-side analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Loop Capital increased their price objective on Silgan from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, January 30th. StockNews.com cut shares of Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Robert W. Baird upped their target price on shares of Silgan from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Bank of America lifted their price target on shares of Silgan from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Truist Financial restated a "buy" rating and issued a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.22.

About Silgan

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.