Nordea Investment Management AB has raised its stake in Silgan Holdings Inc. (NASDAQ: SLGN – Get Rating) by 0.5% in the first quarter, according to its latest disclosure to the Securities and Exchange Commission. The company owned 164,143 shares of the company’s industrial products stock after gaining an additional 896 shares during the quarter. Nordea Investment Management AB owns $ 7,644,000 in Silgan as of its last filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares in the company. Charles Schwab Investment Management Inc. increased its position in Silgan shares by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 714,549 shares of the company’s industrial products worth $ 30,612,000 after acquiring an additional 23,572 shares during the period. Frontier Capital Management Co. LLC bought a new stake in Silgan in the fourth quarter worth $ 18,660,000. Yousif Capital Management LLC bought a new stake in Silgan in the fourth quarter worth $ 1,884,000. A commercial bank increased its position in Silgan shares by 4.5% in the fourth quarter. Commercial Bank already owns 9,467 shares of the company’s industrial products worth $ 406,000 after acquiring an additional 411 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in Silgan shares by 2.9% in the third quarter. UBS Asset Management Americas Inc. already owns 143,907 shares of the company’s industrial products worth $ 5,520,000 after acquiring an additional 3,993 shares during the period. 67.77% of the shares are currently owned by institutional investors and hedge funds.
Several stock analysts recently commented on the company. StockNews.com downgraded Silgan’s rating from “buy” to “hold” in a report on Friday, April 29. Citigroup increased its target price for Silgan from $ 45.00 to $ 50.00 in a report on Friday, April 8. One investment analyst rated the shares with a sell rating, four issued a hold rating and five gave the company a buy rating. According to MarketBeat, Silgan has an average Hold rating and an average target price of $ 49.89.
Shares of SLGN opened at $ 42.45 on Friday. The 50-day moving average of the shares is 43.71 dollars, and the average for two hundred days is 43.48 dollars. The company has a market capitalization of $ 4.70 billion, a price / profit ratio of 12.75, a PEG ratio of 2.04 and a beta ratio of 0.76. Silgan Holdings Inc. has a 1-year low of $ 37.10 and a one-year high of $ 46.98. The company has a debt to equity ratio of 2.10, a fast ratio of 0.74 and a current ratio of 1.33.
Silgan (NASDAQ: SLGN – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The industrial products company reported $ 0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.77 by $ 0.01. The company had revenue of $ 1.44 billion for the quarter, compared to analysts’ estimates of $ 1.40 billion. Silgan had a return on equity of 25.33% and a net profit of 6.30%. The quarterly revenues of the business increased by 16.5% compared to the same quarter last year. In the same quarter last year, the company reported $ 0.75 earnings per share. As a group, analysts predict that Silgan Holdings Inc. will report EPS of 3.95 for the current year.
The company also recently unveiled a three-month dividend that was paid on Wednesday (June 15th). The record shareholders on Wednesday, June 1, received a dividend of $ 0.16 per share. This represents a $ 0.64 annual dividend and a dividend yield of 1.51%. The date of the former dividend was Tuesday, May 31. Silgan’s payout ratio is 19.22%.
Deleted profile (Get a rating)
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells hard packaging for consumer goods in North America, Europe and internationally. It works in three segments: dosing and special caps, metal containers and custom containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato-based products, adult food drinks, fruits and other various food products, as well as mainly metal containers from common line for chemicals.
Want to see what other hedge funds hold SLGN? Visit HoldingsChannel.com to receive the latest 13F orders and domestic deals for Silgan Holdings Inc. (NASDAQ: SLGN – Get rating).
Receive news and reviews for Silgan Daily – Enter your email address below to receive a brief daily summary of the latest news and analyst ratings for Silgan and related companies with the FREE Daily Email Newsletter at MarketBeat.com.