Janus Henderson Group PLC Lowers Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Janus Henderson Group PLC decreased its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 10.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,113,692 shares of the industrial products company's stock after selling 132,483 shares during the period. Janus Henderson Group PLC owned 1.04% of Silgan worth $58,468,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Silgan by 87.7% in the third 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 during the period. Dimensional Fund Advisors LP lifted its holdings in Silgan by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company's stock worth $125,404,000 after buying an additional 204,384 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Silgan by 1.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,610,421 shares of the industrial products company's stock worth $137,047,000 after buying an additional 29,565 shares during the period. 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 worth $79,776,000 after buying an additional 322,511 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in Silgan by 0.9% during 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 buying an additional 11,655 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analysts Set New Price Targets

SLGN has been the subject of a number of analyst reports. Royal Bank of Canada upped their target price on Silgan from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. StockNews.com lowered Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Silgan presently has an average rating of "Moderate Buy" and a consensus target price of $57.43.

Silgan Stock Performance

Shares of Silgan stock traded down $1.05 during midday trading on Friday, hitting $55.38. The company had a trading volume of 466,676 shares, compared to its average volume of 565,870. The company has a fifty day simple moving average of $53.31 and a 200 day simple moving average of $49.51. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.49 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a 12-month low of $41.14 and a 12-month high of $58.14.

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

Silgan Announces Dividend

The business 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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan's dividend payout ratio (DPR) is presently 27.54%.

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.