Janney Montgomery Scott LLC Makes New $2.56 Million Investment in Silgan Holdings Inc. (NYSE:SLGN)

Janney Montgomery Scott LLC acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 49,238 shares of the industrial products company's stock, valued at approximately $2,563,000.

A number of other large investors also recently bought and sold shares of SLGN. FMR LLC increased its stake in Silgan by 87.7% in the 3rd quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock valued at $329,619,000 after purchasing an additional 2,932,680 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Silgan in the third quarter valued at $11,422,000. Two Sigma Advisers LP raised its stake in shares of Silgan by 202.3% during the 3rd quarter. Two Sigma Advisers LP now owns 247,900 shares of the industrial products company's stock worth $13,015,000 after buying an additional 165,900 shares during the last quarter. Geode Capital Management LLC grew its stake in Silgan by 11.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company's stock valued at $78,509,000 after acquiring an additional 157,160 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Silgan by 62.5% during the 2nd quarter. Millennium Management LLC now owns 322,482 shares of the industrial products company's stock valued at $13,651,000 after acquiring an additional 124,020 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Raymond James increased their price objective on Silgan from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of Silgan from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Robert W. Baird raised their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.22.

Silgan Stock Up 0.3 %

Shares of NYSE:SLGN traded up $0.17 during mid-day trading on Wednesday, hitting $54.93. 684,577 shares of the company traded hands, compared to its average volume of 693,003. The firm's 50 day simple moving average is $53.50 and its 200 day simple moving average is $52.11. The firm has a market cap of $5.87 billion, a P/E ratio of 21.29, a PEG ratio of 1.26 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. On average, equities analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current year.

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.