Profund Advisors LLC Has $251,000 Stake in Silgan Holdings Inc. (SLGN)

Profund Advisors LLC raised its stake in Silgan Holdings Inc. (NASDAQ:SLGN) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,888 shares of the industrial products company’s stock after purchasing an additional 1,340 shares during the quarter. Profund Advisors LLC’s holdings in Silgan Holdings were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Silgan Holdings by 1.0% in the first quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 27 shares during the last quarter. Utah Retirement Systems raised its stake in shares of Silgan Holdings by 1.5% in the first quarter. Utah Retirement Systems now owns 6,752 shares of the industrial products company’s stock worth $401,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE raised its stake in shares of Silgan Holdings by 3.1% in the first quarter. US Bancorp DE now owns 3,381 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 101 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Silgan Holdings by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 207 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of Silgan Holdings by 4.5% in the first quarter. Advantus Capital Management Inc now owns 4,793 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 207 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on SLGN shares. BMO Capital Markets reissued a “buy” rating and issued a $34.00 price objective on shares of Silgan Holdings in a research note on Sunday, July 9th. Goldman Sachs Group, Inc. (The) downgraded Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 13th. Robert W. Baird downgraded Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 19th. BidaskClub downgraded Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation downgraded Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Silgan Holdings has a consensus rating of “Hold” and a consensus price target of $32.00.

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Silgan Holdings Inc. (SLGN) opened at 29.05 on Thursday. The stock has a 50 day moving average price of $29.42 and a 200 day moving average price of $30.51. Silgan Holdings Inc. has a 12-month low of $23.58 and a 12-month high of $32.50. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.07 and a beta of 0.53.

Silgan Holdings (NASDAQ:SLGN) last released its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. On average, analysts expect that Silgan Holdings Inc. will post $1.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.09 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. Silgan Holdings’s payout ratio is currently 29.03%.

In related news, insider Thomas James Snyder sold 10,506 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $30.78, for a total value of $323,374.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anthony P. Andreacchi sold 2,192 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.18, for a total transaction of $66,154.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,698 shares of company stock valued at $597,429. 33.10% of the stock is owned by company insiders.

Silgan Holdings Company Profile

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

Institutional Ownership by Quarter for Silgan Holdings (NASDAQ:SLGN)

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