Barclays PLC Purchases 10,936 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Barclays PLC raised its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 23.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,327 shares of the industrial products company's stock after buying an additional 10,936 shares during the period. Barclays PLC owned 0.05% of Silgan worth $3,010,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SLGN. FMR LLC grew its holdings in shares of Silgan by 87.7% during the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock worth $329,619,000 after purchasing an additional 2,932,680 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Silgan during the 2nd quarter worth about $19,666,000. Weiss Asset Management LP bought a new stake in Silgan during the 3rd quarter worth about $11,422,000. Dimensional Fund Advisors LP increased its position in Silgan by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company's stock valued at $125,404,000 after acquiring an additional 204,384 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Silgan by 202.3% in the third quarter. Two Sigma Advisers LP now owns 247,900 shares of the industrial products company's stock worth $13,015,000 after acquiring an additional 165,900 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Silgan Stock Up 0.9 %

NYSE SLGN traded up $0.47 during trading on Tuesday, hitting $52.96. The stock had a trading volume of 198,251 shares, compared to its average volume of 595,070. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a market capitalization of $5.66 billion, a PE ratio of 19.19, a P/E/G ratio of 1.44 and a beta of 0.69. The company's 50-day moving average price is $53.94 and its two-hundred day moving average price is $50.23.

Silgan (NYSE:SLGN - Get Free Report) last released 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 net margin of 5.11% and a return on equity of 18.76%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $1.16 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Silgan Holdings Inc. will post 3.6 EPS for the current year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.19 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.44%. Silgan's dividend payout ratio (DPR) is presently 27.54%.

Analysts Set New Price Targets

SLGN has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Silgan from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Silgan currently has an average rating of "Moderate Buy" and a consensus target price of $58.14.

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.