Silgan Holdings Inc. (NYSE:SLGN) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 32.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,182 shares of the industrial products company’s stock after buying an additional 1,747 shares during the quarter. Sanctuary Advisors LLC’s holdings in Silgan were worth $406,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its position in shares of Silgan by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 40,071 shares of the industrial products company’s stock valued at $1,696,000 after acquiring an additional 218 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Silgan by 2.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,707 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 267 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Silgan by 7.0% in the 3rd 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 raised its stake in Silgan by 5.5% during the third quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 388 shares during the period. Finally, AQR Capital Management LLC raised its stake in Silgan by 1.1% during the second quarter. AQR Capital Management LLC now owns 37,660 shares of the industrial products company’s stock worth $1,594,000 after acquiring an additional 421 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Silgan Stock Performance

Shares of SLGN stock opened at $52.87 on Friday. Silgan Holdings Inc. has a 12-month low of $41.14 and a 12-month high of $58.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.69. The business has a 50 day simple moving average of $54.00 and a 200 day simple moving average of $50.27.

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

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, December 2nd. Silgan’s dividend payout ratio is currently 27.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SLGN shares. StockNews.com lowered Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on Silgan from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.14.

Silgan Company 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.