56,668 Shares in Silgan Holdings Inc. (NYSE:SLGN) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,668 shares of the industrial products company's stock, valued at approximately $2,975,000. Oddo BHF Asset Management Sas owned approximately 0.05% of Silgan at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new stake in Silgan during the 3rd quarter worth about $223,000. Sanctuary Advisors LLC raised its holdings in shares of Silgan by 32.1% during the third quarter. Sanctuary Advisors LLC now owns 7,182 shares of the industrial products company's stock valued at $406,000 after acquiring an additional 1,747 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of Silgan in the 3rd quarter valued at approximately $396,000. Coldstream Capital Management Inc. boosted its stake in Silgan by 10.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,797 shares of the industrial products company's stock worth $411,000 after purchasing an additional 728 shares during the period. Finally, Geode Capital Management LLC grew its position in Silgan by 11.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company's stock worth $78,509,000 after purchasing an additional 157,160 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on shares of Silgan from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.43.

Silgan Stock Performance

NYSE:SLGN traded up $0.13 during midday trading on Friday, reaching $54.82. The stock had a trading volume of 439,697 shares, compared to its average volume of 567,127. The stock has a market capitalization of $5.85 billion, a P/E ratio of 19.86, a PEG ratio of 1.44 and a beta of 0.69. Silgan Holdings Inc. has a 1-year low of $41.14 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. The firm's fifty day simple moving average is $53.72 and its 200-day simple moving average is $49.86.

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

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan's dividend payout ratio (DPR) is presently 27.54%.

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.