Silgan Holdings Inc. (SLGN) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd raised its stake in Silgan Holdings Inc. (NASDAQ:SLGN) by 152.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,032 shares of the industrial products company’s stock after acquiring an additional 41,668 shares during the period. WINTON GROUP Ltd owned 0.06% of Silgan worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SLGN. Teachers Advisors LLC boosted its stake in shares of Silgan 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. California Public Employees Retirement System boosted its stake in shares of Silgan 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. Credit Suisse AG boosted its stake in shares of Silgan by 10.2% during the first quarter. Credit Suisse AG now owns 36,983 shares of the industrial products company’s stock worth $2,194,000 after buying an additional 3,437 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Silgan by 97.1% during the second quarter. Capstone Asset Management Co. now owns 8,768 shares of the industrial products company’s stock worth $279,000 after buying an additional 4,319 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Silgan by 89.3% during the second quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,847 shares during the period. Institutional investors and hedge funds own 67.68% of the company’s stock.

Shares of Silgan Holdings Inc. (NASDAQ:SLGN) opened at $28.72 on Monday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market cap of $3,169.91, a PE ratio of 18.41, a P/E/G ratio of 1.75 and a beta of 0.52. Silgan Holdings Inc. has a 12-month low of $24.45 and a 12-month high of $32.50.

Silgan (NASDAQ:SLGN) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. Silgan had a net margin of 3.77% and a return on equity of 32.87%. Silgan’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. equities analysts forecast that Silgan Holdings Inc. will post 1.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. Silgan’s payout ratio is currently 27.38%.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and set a $34.00 target price on shares of Silgan in a research note on Monday, November 20th. KeyCorp reiterated a “hold” rating on shares of Silgan in a research note on Sunday, October 29th. Robert W. Baird reiterated a “hold” rating and set a $32.00 target price on shares of Silgan in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Silgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada assumed coverage on shares of Silgan in a research note on Monday, October 9th. They set a “sector perform” rating and a $30.00 target price for the company. Three 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. The company has a consensus rating of “Hold” and an average target price of $31.57.

In related news, Director William C. Jennings sold 25,642 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $28.38, for a total value of $727,719.96. Following the completion of the sale, the director now owns 42,180 shares in the company, valued at $1,197,068.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 33.10% of the stock is owned by company insiders.

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About Silgan

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 (NASDAQ:SLGN)

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