GSA Capital Partners LLP Invests $238,000 in Silgan Holdings Inc. (NYSE:SLGN)

GSA Capital Partners LLP purchased a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,534 shares of the industrial products company’s stock, valued at approximately $238,000.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Silgan by 256.6% in the 2nd quarter. Blue Trust Inc. now owns 592 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 426 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Silgan by 2,838.5% during the second quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,107 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Silgan by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 613 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Silgan in the 2nd quarter worth approximately $70,000. Finally, Venturi Wealth Management LLC increased its position in Silgan by 220.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after buying an additional 963 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Silgan Stock Performance

Shares of NYSE SLGN opened at $56.53 on Friday. Silgan Holdings Inc. has a 12-month low of $40.88 and a 12-month high of $56.78. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $52.29 and a 200 day moving average of $48.91.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Silgan had a net margin of 5.11% and a return on equity of 18.76%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $1.16 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Monday, December 2nd. Silgan’s dividend payout ratio (DPR) is currently 27.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Silgan from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial reiterated a “buy” rating and set a $59.00 price target (up previously from $56.00) on shares of Silgan in a report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Silgan from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded Silgan from an “underweight” rating to a “neutral” rating and increased their target price for the company from $46.00 to $53.00 in a research note on Thursday, August 1st. Finally, StockNews.com cut Silgan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.43.

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.