Versor Investments LP Increases Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Versor Investments LP lifted its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,908 shares of the industrial products company's stock after buying an additional 5,700 shares during the period. Versor Investments LP's holdings in Silgan were worth $828,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Silgan in the fourth quarter worth approximately $873,000. Illinois Municipal Retirement Fund increased its holdings in Silgan by 30.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 36,750 shares of the industrial products company's stock valued at $1,913,000 after buying an additional 8,472 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Silgan by 22.6% during the 4th quarter. Bank of New York Mellon Corp now owns 914,019 shares of the industrial products company's stock valued at $47,575,000 after acquiring an additional 168,789 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Silgan in the 4th quarter worth $59,000. Finally, Venturi Wealth Management LLC grew its holdings in Silgan by 153.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,545 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 2,145 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Trading Down 3.1 %

Shares of NYSE:SLGN traded down $1.71 during trading hours on Monday, hitting $52.60. 715,138 shares of the company's stock traded hands, compared to its average volume of 670,513. The firm has a market capitalization of $5.62 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The business has a fifty day moving average price of $53.13 and a 200-day moving average price of $52.78. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28.

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Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating 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%. Equities analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 17th. This is a positive change from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.52%. Silgan's dividend payout ratio (DPR) is 31.01%.

Insider Activity

In other news, EVP Robert B. Lewis sold 20,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were 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 approximately $8,096,518.26. The trade was a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam J. Greenlee sold 125,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $54.73, for a total value of $6,841,250.00. Following the sale, the chief executive officer now directly owns 227,332 shares in the company, valued at $12,441,880.36. This trade represents a 35.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SLGN. Robert W. Baird increased 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. Raymond James upped 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. Wells Fargo & Company boosted their price objective on Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Truist Financial reiterated a "buy" rating and set a $70.00 target price (up previously from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Finally, Loop Capital increased their price objective on shares of Silgan from $70.00 to $75.00 and gave the company a "buy" rating in a 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.22.

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.