Silgan Holdings Inc. (SLGN) Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in Silgan Holdings Inc. (NASDAQ:SLGN) by 103.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,644 shares of the industrial products company’s stock after purchasing an additional 57,330 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.10% of Silgan Holdings worth $3,580,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SLGN. UBS Asset Management Americas Inc. grew its holdings in Silgan Holdings by 13.1% in the first quarter. UBS Asset Management Americas Inc. now owns 32,343 shares of the industrial products company’s stock valued at $1,920,000 after purchasing an additional 3,752 shares during the period. Principal Financial Group Inc. grew its stake in Silgan Holdings by 1.7% during the first quarter. Principal Financial Group Inc. now owns 154,204 shares of the industrial products company’s stock worth $9,154,000 after buying an additional 2,598 shares during the period. Teachers Advisors LLC grew its stake in Silgan Holdings by 23.9% during the first quarter. Teachers Advisors LLC now owns 44,393 shares of the industrial products company’s stock worth $2,635,000 after buying an additional 8,553 shares during the period. TIAA CREF Investment Management LLC grew its stake in Silgan Holdings by 3.7% during the first quarter. TIAA CREF Investment Management LLC now owns 136,514 shares of the industrial products company’s stock worth $8,103,000 after buying an additional 4,872 shares during the period. Finally, California Public Employees Retirement System grew its stake in Silgan Holdings by 1.5% during the first quarter. California Public Employees Retirement System now owns 20,900 shares of the industrial products company’s stock worth $1,241,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 66.53% of the company’s stock.

Several equities research analysts have issued reports on the stock. Robert W. Baird reiterated a “hold” rating and set a $32.00 price objective on shares of Silgan Holdings in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Silgan Holdings in a research note on Sunday, October 29th. BidaskClub upgraded shares of Silgan Holdings from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Silgan Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, ValuEngine downgraded shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Silgan Holdings presently has a consensus rating of “Hold” and an average price target of $31.57.

In other Silgan Holdings news, VP Anthony P. Andreacchi sold 2,192 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas James Snyder sold 10,506 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,698 shares of company stock worth $597,429. Insiders own 33.10% of the company’s stock.

Silgan Holdings (NASDAQ:SLGN) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Silgan Holdings had a net margin of 3.77% and a return on equity of 32.87%. Silgan Holdings’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS.

TRADEMARK VIOLATION WARNING: “Silgan Holdings Inc. (SLGN) Position Raised by The Manufacturers Life Insurance Company” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/11/03/silgan-holdings-inc-slgn-position-raised-by-the-manufacturers-life-insurance-company.html.

About Silgan Holdings

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.

Want to see what other hedge funds are holding SLGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silgan Holdings Inc. (NASDAQ:SLGN).

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

What are top analysts saying about Silgan Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Silgan Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit