Charles Schwab Investment Management Inc. Increases Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Charles Schwab Investment Management Inc. increased its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,468 shares of the industrial products company's stock after purchasing an additional 97,381 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of Silgan worth $42,812,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Silgan by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company's stock worth $125,404,000 after purchasing an additional 204,384 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Silgan by 1.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,610,421 shares of the industrial products company's stock worth $137,047,000 after acquiring an additional 29,565 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Silgan by 20.6% during the second quarter. Boston Trust Walden Corp now owns 1,884,609 shares of the industrial products company's stock valued at $79,776,000 after purchasing an additional 322,511 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Silgan by 0.9% in the third quarter. Segall Bryant & Hamill LLC now owns 1,278,560 shares of the industrial products company's stock worth $67,124,000 after purchasing an additional 11,655 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Silgan by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 832,817 shares of the industrial products company's stock worth $35,253,000 after purchasing an additional 17,328 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Price Performance

Shares of NYSE:SLGN traded down $0.12 on Monday, reaching $57.22. The company's stock had a trading volume of 382,521 shares, compared to its average volume of 566,029. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week 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 company has a 50-day simple moving average of $52.87 and a 200 day simple moving average of $49.28. The company has a market cap of $6.11 billion, a P/E ratio of 20.84, a PEG ratio of 1.51 and a beta of 0.67.

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

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, December 2nd. Silgan's dividend payout ratio is presently 27.54%.

Analyst Upgrades and Downgrades

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

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.