Quantinno Capital Management LP Raises Position in Silgan Holdings Inc. (NYSE:SLGN)

Quantinno Capital Management LP raised its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 95.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,191 shares of the industrial products company's stock after purchasing an additional 39,242 shares during the quarter. Quantinno Capital Management LP owned 0.08% of Silgan worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in shares of Silgan by 256.6% in the second quarter. Blue Trust Inc. now owns 592 shares of the industrial products company's stock worth $25,000 after buying an additional 426 shares during the period. GAMMA Investing LLC increased its stake in Silgan by 109.9% in the second 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 during the period. Venturi Wealth Management LLC lifted its position in shares of Silgan by 220.4% during the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock worth $74,000 after purchasing an additional 963 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Silgan during the second quarter valued at $70,000. Finally, KBC Group NV grew its holdings in shares of Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company's stock worth $120,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Silgan Stock Up 0.8 %

Shares of SLGN traded up $0.46 during mid-day trading on Monday, hitting $55.84. The company's stock had a trading volume of 602,144 shares, compared to its average volume of 565,355. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The company's 50-day moving average is $53.38 and its 200-day moving average is $49.61. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.45 and a beta of 0.69.

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

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan's payout ratio is 27.54%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SLGN. 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. StockNews.com lowered Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.43.

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.