Blue Trust Inc. Sells 4,364 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Blue Trust Inc. lessened its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 74.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,527 shares of the industrial products company’s stock after selling 4,364 shares during the period. Blue Trust Inc.’s holdings in Silgan were worth $79,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Silgan by 87.7% during the 3rd quarter. FMR LLC now owns 6,278,456 shares of the industrial products company’s stock worth $329,619,000 after acquiring an additional 2,932,680 shares during the period. State Street Corp increased its stake in Silgan by 0.6% during the 3rd quarter. State Street Corp now owns 2,497,683 shares of the industrial products company’s stock worth $131,128,000 after acquiring an additional 14,109 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Silgan by 11.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company’s stock valued at $78,509,000 after purchasing an additional 157,160 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Silgan by 0.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,278,560 shares of the industrial products company’s stock valued at $67,124,000 after purchasing an additional 11,655 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Silgan by 13.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,468 shares of the industrial products company’s stock valued at $42,812,000 after purchasing an additional 97,381 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Insider Activity at Silgan

In related news, EVP Robert B. Lewis sold 20,000 shares of the company’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 transaction of $1,064,400.00. Following the transaction, the executive vice president now directly owns 152,133 shares of the company’s stock, valued at approximately $8,096,518.26. This represents a 11.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.39% of the stock is owned by corporate insiders.

Silgan Trading Down 2.0 %

NYSE SLGN opened at $54.41 on Monday. The business’s 50-day moving average price is $52.96 and its two-hundred day moving average price is $52.58. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The firm has a market capitalization of $5.81 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24.

Silgan (NYSE:SLGN) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating 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%. On average, analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SLGN shares. Loop Capital raised their target price on Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Robert W. Baird boosted their price objective on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Truist Financial restated a “buy” rating and set a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price objective on Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Silgan presently has an average rating of “Moderate Buy” and an average 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.