Dana Investment Advisors Inc. Lowers Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Dana Investment Advisors Inc. trimmed its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,123 shares of the industrial products company's stock after selling 9,031 shares during the period. Dana Investment Advisors Inc. owned approximately 0.06% of Silgan worth $3,598,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SLGN. Bank of Jackson Hole Trust bought a new position in Silgan in the 4th quarter valued at about $59,000. Venturi Wealth Management LLC boosted its holdings in Silgan by 220.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock worth $74,000 after acquiring an additional 963 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Silgan by 1,229.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after acquiring an additional 1,906 shares in the last quarter. KBC Group NV raised 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 valued at $120,000 after purchasing an additional 494 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Silgan by 48.6% during the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock valued at $137,000 after purchasing an additional 863 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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Silgan Stock Performance

Shares of SLGN traded up $1.22 during trading hours on Friday, hitting $53.08. The company's stock had a trading volume of 766,400 shares, compared to its average volume of 589,904. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.27 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. The business has a 50 day simple moving average of $53.07 and a two-hundred day simple moving average of $52.83. 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 earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Silgan's previous quarterly dividend of $0.19. Silgan's payout ratio is presently 31.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SLGN shares. JPMorgan Chase & Co. upped their price objective 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. Robert W. Baird upped their target price on Silgan from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price target on Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Bank of America boosted their price objective on Silgan from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised their target price on Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.22.

Insider Activity

In other news, CEO Adam J. Greenlee sold 125,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the completion of the transaction, the chief executive officer now directly owns 227,332 shares in the company, valued at $12,441,880.36. The trade was a 35.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the completion of the sale, the executive vice president now owns 152,133 shares in the company, valued at $8,096,518.26. This trade represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

Silgan 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.