33,361 Shares in Silgan Holdings Inc. (NYSE:SLGN) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,361 shares of the industrial products company's stock, valued at approximately $1,736,000.

Several other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Silgan by 144.1% in the third quarter. BNP Paribas Financial Markets now owns 54,938 shares of the industrial products company's stock worth $2,884,000 after acquiring an additional 32,432 shares during the period. Captrust Financial Advisors grew its position in Silgan by 5.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,405 shares of the industrial products company's stock worth $441,000 after purchasing an additional 456 shares during the period. Verition Fund Management LLC raised its stake in Silgan by 3.4% during the 3rd quarter. Verition Fund Management LLC now owns 67,124 shares of the industrial products company's stock valued at $3,524,000 after buying an additional 2,187 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Silgan by 46.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 195,895 shares of the industrial products company's stock valued at $10,284,000 after buying an additional 62,310 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Silgan in the 3rd quarter worth $154,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Silgan

In other Silgan news, CEO Adam J. Greenlee sold 125,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the completion of the transaction, the chief executive officer now owns 227,332 shares in the company, valued at $12,441,880.36. This trade represents a 35.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert B. Lewis sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the sale, the executive vice president now directly owns 152,133 shares in the company, 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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on SLGN. JPMorgan Chase & Co. upped their price objective 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 reiterated a "buy" rating and issued a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research note on Thursday, January 30th. Royal Bank of Canada boosted their target price 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. Loop Capital upped their target price on shares of Silgan from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price target 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $64.22.

Silgan Price Performance

Shares of SLGN traded down $1.21 during mid-day trading on Monday, reaching $46.61. The stock had a trading volume of 802,270 shares, compared to its average volume of 641,964. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.27 and a beta of 0.81. The business has a fifty day moving average of $52.42 and a 200 day moving average of $52.75.

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

Silgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.20 per share. This is a positive change from Silgan's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. Silgan's dividend payout ratio is currently 31.01%.

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.