Yousif Capital Management LLC Lowers Position in Silgan Holdings Inc. (NYSE:SLGN)

Yousif Capital Management LLC reduced its stake in Silgan Holdings Inc. (NYSE:SLGN) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,519 shares of the industrial products company’s stock after selling 1,430 shares during the period. Yousif Capital Management LLC’s holdings in Silgan were worth $1,484,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Silgan by 87.7% in the 3rd quarter. FMR LLC now owns 6,278,456 shares of the industrial products company’s stock valued at $329,619,000 after acquiring an additional 2,932,680 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Silgan by 1.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,610,421 shares of the industrial products company’s stock valued at $137,047,000 after purchasing an additional 29,565 shares during the last quarter. State Street Corp raised its position in Silgan by 0.6% in the third quarter. State Street Corp now owns 2,497,683 shares of the industrial products company’s stock valued at $131,128,000 after purchasing an additional 14,109 shares during the period. Geode Capital Management LLC lifted its stake in Silgan by 11.7% during the third quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company’s stock worth $78,509,000 after purchasing an additional 157,160 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Silgan by 0.9% in the third quarter. Segall Bryant & Hamill LLC now owns 1,278,560 shares of the industrial products company’s stock valued at $67,124,000 after buying an additional 11,655 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Price Performance

Shares of SLGN opened at $52.33 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24. The firm’s fifty day simple moving average is $53.12 and its 200-day simple moving average is $52.35. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.24 and a beta of 0.71. Silgan Holdings Inc. has a twelve month low of $41.14 and a twelve month high of $58.14.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. Equities analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SLGN. Robert W. Baird raised their target price on Silgan from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price objective on shares of Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Raymond James lifted their price objective on shares of Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Loop Capital increased their target price on shares of Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Bank of America boosted their price target on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and an average target price of $64.22.

About Silgan

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.