Quantbot Technologies LP Acquires 10,255 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Quantbot Technologies LP boosted its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 228.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,751 shares of the industrial products company's stock after purchasing an additional 10,255 shares during the period. Quantbot Technologies LP's holdings in Silgan were worth $774,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SLGN. Price T Rowe Associates Inc. MD lifted its stake in Silgan by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,416 shares of the industrial products company's stock valued at $2,060,000 after buying an additional 2,386 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Silgan in the 1st quarter valued at approximately $744,000. Cetera Investment Advisers acquired a new position in Silgan in the 1st quarter worth approximately $6,352,000. GAMMA Investing LLC grew its position in Silgan by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company's stock worth $50,000 after purchasing an additional 613 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Silgan by 2,838.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 1,107 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank of Canada raised their target price on Silgan from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. StockNews.com lowered Silgan from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Silgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.43.

Silgan Stock Down 0.6 %

SLGN traded down $0.32 during trading on Monday, reaching $57.21. 382,660 shares of the stock traded hands, compared to its average volume of 565,555. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. Silgan Holdings Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The stock's 50-day simple moving average is $52.87 and its two-hundred day simple moving average is $49.28. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.51 and a beta of 0.67.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $1.16 EPS. As a group, equities research analysts expect that Silgan Holdings Inc. will post 3.6 EPS for the current year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan's dividend payout ratio is presently 27.54%.

About Silgan

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.