Dimensional Fund Advisors LP Acquires 11,836 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Dimensional Fund Advisors LP boosted its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,062,013 shares of the industrial products company's stock after buying an additional 11,836 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.87% of Silgan worth $159,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC bought a new stake in Silgan during the 4th quarter valued at $56,000. Bank of Jackson Hole Trust bought a new stake in shares of Silgan during the 4th quarter valued at $59,000. Smartleaf Asset Management LLC lifted its holdings in Silgan by 1,229.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,906 shares in the last quarter. GAMMA Investing LLC boosted its stake in Silgan by 48.6% in the 4th quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock worth $137,000 after purchasing an additional 863 shares during the period. Finally, KBC Group NV grew its holdings in Silgan by 52.5% during the 4th quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock valued at $181,000 after buying an additional 1,196 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SLGN shares. Bank of America raised their price objective on shares of Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Silgan from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Truist Financial decreased their price objective on shares of Silgan from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird lifted their target price on shares of Silgan from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.78.

Silgan Trading Up 0.6 %

Shares of Silgan stock traded up $0.29 on Monday, hitting $51.73. The stock had a trading volume of 702,194 shares, compared to its average volume of 658,735. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14. The stock's 50-day simple moving average is $50.65 and its two-hundred day simple moving average is $52.44. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.27 and a beta of 0.81.

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

Silgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. Silgan's payout ratio is 31.01%.

Insider Activity at Silgan

In related news, CEO Adam J. Greenlee sold 125,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $54.73, for a total value of $6,841,250.00. Following the completion of the transaction, the chief executive officer now directly owns 227,332 shares of the company's stock, valued at $12,441,880.36. This represents a 35.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert B. Lewis sold 20,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the sale, the executive vice president now owns 152,133 shares of the company's stock, valued at $8,096,518.26. This trade represents a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

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.