Aristides Capital LLC bought a brand new stake in shares of Silgan Holdings Inc. (NYSE:SLGN – Free Report) through the 2nd quarter, in line with its most up-to-date disclosure with the SEC. The fund bought 5,520 shares of the commercial merchandise firm’s inventory, valued at roughly $234,000.
Various different institutional buyers have additionally added to or lowered their stakes within the inventory. Blue Belief Inc. grew its holdings in shares of Silgan by 256.6% through the second quarter. Blue Belief Inc. now owns 592 shares of the commercial merchandise firm’s inventory value $25,000 after buying a further 426 shares over the past quarter. Versant Capital Administration Inc elevated its holdings in Silgan by 2,838.5% within the second quarter. Versant Capital Administration Inc now owns 1,146 shares of the commercial merchandise firm’s inventory valued at $49,000 after buying a further 1,107 shares through the interval. GAMMA Investing LLC raised its place in Silgan by 109.9% through the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the commercial merchandise firm’s inventory value $50,000 after buying a further 613 shares over the past quarter. Covestor Ltd lifted its holdings in Silgan by 69.7% through the 1st quarter. Covestor Ltd now owns 1,125 shares of the commercial merchandise firm’s inventory value $55,000 after shopping for a further 462 shares through the interval. Lastly, Headlands Applied sciences LLC purchased a brand new stake in shares of Silgan within the 2nd quarter valued at about $70,000. 70.25% of the inventory is at present owned by institutional buyers and hedge funds.
Insider Shopping for and Promoting
In different information, VP Stacey J. Mcgrath offered 1,600 shares of the corporate’s inventory in a transaction on Monday, August fifth. The shares had been offered at a median worth of $49.04, for a complete worth of $78,464.00. Following the completion of the sale, the vice chairman now owns 11,495 shares within the firm, valued at roughly $563,714.80. The transaction was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. 1.39% of the inventory is at present owned by company insiders.
Silgan Inventory Efficiency
Shares of SLGN inventory opened at $52.50 on Tuesday. The corporate has a present ratio of 1.06, a fast ratio of 0.64 and a debt-to-equity ratio of 1.31. The agency has a fifty day easy shifting common of $50.24 and a two-hundred day easy shifting common of $47.39. Silgan Holdings Inc. has a 12 month low of $38.11 and a 12 month excessive of $52.84. The agency has a market capitalization of $5.61 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67.
Silgan (NYSE:SLGN – Get Free Report) final posted its earnings outcomes on Wednesday, July thirty first. The commercial merchandise firm reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. Silgan had a web margin of 5.24% and a return on fairness of 19.22%. The corporate had income of $1.38 billion through the quarter, in comparison with the consensus estimate of $1.43 billion. Throughout the identical interval within the earlier yr, the agency posted $0.83 earnings per share. The agency’s income for the quarter was down 3.2% on a year-over-year foundation. Analysts forecast that Silgan Holdings Inc. will submit 3.66 EPS for the present fiscal yr.
Silgan Proclaims Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Tuesday, September seventeenth. Traders of document on Tuesday, September third got a dividend of $0.19 per share. The ex-dividend date was Tuesday, September third. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Silgan’s payout ratio is 26.67%.
Analysts Set New Worth Targets
Various brokerages have lately issued experiences on SLGN. Citigroup raised their worth goal on Silgan from $50.00 to $60.00 and gave the inventory a “purchase” score in a analysis report on Thursday, August 1st. Wells Fargo & Firm boosted their worth goal on shares of Silgan from $54.00 to $58.00 and gave the inventory an “obese” score in a analysis report on Thursday, August 1st. StockNews.com upgraded shares of Silgan from a “maintain” score to a “purchase” score in a analysis report on Friday, September twentieth. Robert W. Baird boosted their goal worth on shares of Silgan from $53.00 to $60.00 and gave the corporate an “outperform” score in a report on Thursday, August 1st. Lastly, Royal Financial institution of Canada lifted their worth goal on Silgan from $51.00 to $55.00 and gave the inventory an “outperform” score in a analysis report on Thursday, August 1st. One equities analysis analyst has rated the inventory with a maintain score and 7 have assigned a purchase score to the inventory. In line with MarketBeat, the corporate at present has a consensus score of “Reasonable Purchase” and a median goal worth of $57.00.
Learn Our Newest Analysis Report on Silgan
Silgan Firm Profile
Silgan Holdings Inc, along with its subsidiaries, manufactures and sells inflexible packaging options for client items merchandise in the USA and internationally. It operates via three segments: Allotting and Specialty Closures, Metallic Containers, and Customized Containers. The Allotting and Specialty Closures section presents a variety of metallic and plastic closures, and dishing out programs for meals, beverage, well being care, backyard, house, private care, magnificence merchandise, and arduous floor cleansing merchandise, in addition to capping/sealing gear and detection programs.
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