Legato Capital Management LLC Has $2 Million Stock Position in Silgan Holdings Inc. (NYSE:SLGN)

Legato Capital Management LLC boosted its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,413 shares of the industrial products company's stock after purchasing an additional 10,420 shares during the period. Legato Capital Management LLC's holdings in Silgan were worth $1,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SLGN. FMR LLC increased its holdings in Silgan by 87.7% in the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock valued at $329,619,000 after buying an additional 2,932,680 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Silgan in the 3rd quarter worth approximately $11,422,000. Two Sigma Advisers LP increased its holdings in shares of Silgan by 202.3% in the 3rd quarter. Two Sigma Advisers LP now owns 247,900 shares of the industrial products company's stock valued at $13,015,000 after acquiring an additional 165,900 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in Silgan by 13.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 815,468 shares of the industrial products company's stock worth $42,812,000 after purchasing an additional 97,381 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Raymond James increased their target price on shares of Silgan from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Robert W. Baird raised their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company upped their target price on Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price target on Silgan from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Loop Capital upped their price objective on Silgan from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.22.

Silgan Stock Performance

Shares of NYSE SLGN traded down $0.64 during midday trading on Wednesday, reaching $52.33. 456,844 shares of the company traded hands, compared to its average volume of 665,102. The stock has a 50-day moving average price of $53.20 and a 200 day moving average price of $52.35. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.24 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. Silgan Holdings Inc. has a 52 week low of $41.14 and a 52 week high of $58.14.

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

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.