Silgan Holdings Inc. (NYSE:SLGN) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 49.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,611 shares of the industrial products company's stock after purchasing an additional 9,751 shares during the period. Ontario Teachers Pension Plan Board's holdings in Silgan were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Silgan by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 8,931,526 shares of the industrial products company's stock valued at $464,886,000 after purchasing an additional 455,381 shares in the last quarter. FMR LLC boosted its holdings in shares of Silgan by 12.2% in the fourth quarter. FMR LLC now owns 7,046,400 shares of the industrial products company's stock valued at $366,765,000 after purchasing an additional 767,944 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Silgan by 12.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company's stock valued at $301,670,000 after buying an additional 656,923 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Silgan by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,140,028 shares of the industrial products company's stock valued at $111,388,000 after purchasing an additional 9,532 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $78,509,000 after acquiring an additional 157,160 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Stock Up 0.7 %

Shares of SLGN traded up $0.33 during mid-day trading on Friday, reaching $49.33. The company's stock had a trading volume of 647,798 shares, compared to its average volume of 652,329. The company's 50 day moving average is $50.92 and its 200 day moving average is $52.43. 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 current ratio of 0.45 and a quick ratio of 0.28. The stock has a market cap of $5.27 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81.

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 for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. Equities analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 an increase from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.62%. Silgan's dividend payout ratio is currently 31.01%.

Analyst Ratings Changes

SLGN has been the topic of several research analyst reports. Bank of America boosted their target price on shares of Silgan from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Wells Fargo & Company upped their price target on Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Silgan from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Raymond James boosted their price target on shares of Silgan from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Truist Financial reissued a "buy" rating and set a $70.00 price objective (up from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $64.22.

Insiders Place Their Bets

In other news, CEO Adam J. Greenlee sold 125,000 shares of Silgan 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 sale, the chief executive officer now owns 227,332 shares of the company's stock, valued at $12,441,880.36. The trade was a 35.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert B. Lewis sold 20,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were 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 approximately $8,096,518.26. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

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.