New York State Teachers Retirement System Has $5.54 Million Position in Silgan Holdings Inc. (NYSE:SLGN)

New York State Teachers Retirement System lessened its position in Silgan Holdings Inc. (NYSE:SLGN) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,339 shares of the industrial products company’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned 0.10% of Silgan worth $5,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Silgan by 7.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,517 shares of the industrial products company’s stock valued at $290,000 after buying an additional 361 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Silgan by 5.5% in the third quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock valued at $390,000 after buying an additional 388 shares during the period. Captrust Financial Advisors increased its stake in shares of Silgan by 5.7% in the third quarter. Captrust Financial Advisors now owns 8,405 shares of the industrial products company’s stock valued at $441,000 after buying an additional 456 shares during the period. KBC Group NV increased its stake in shares of Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock valued at $120,000 after buying an additional 494 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Silgan by 0.3% in the third quarter. State of Alaska Department of Revenue now owns 248,943 shares of the industrial products company’s stock valued at $13,069,000 after buying an additional 635 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Robert B. Lewis sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the transaction, the executive vice president now owns 152,133 shares in the company, valued at $8,096,518.26. This trade represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.39% of the company’s stock.

Silgan Stock Up 1.3 %

Shares of NYSE:SLGN opened at $55.47 on Friday. The business’s 50 day simple moving average is $52.97 and its two-hundred day simple moving average is $52.49. The firm has a market cap of $5.92 billion, a P/E ratio of 21.50, a PEG ratio of 1.24 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SLGN. JPMorgan Chase & Co. increased their price target on Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada increased their price target on Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Truist Financial restated 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. Bank of America upped their target price on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Loop Capital upped their target price on Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.