Janus Henderson Group PLC Buys 598,472 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Janus Henderson Group PLC raised its position in Silgan Holdings Inc. (NYSE:SLGN) by 95.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,224,502 shares of the industrial products company’s stock after purchasing an additional 598,472 shares during the period. Janus Henderson Group PLC owned 1.15% of Silgan worth $59,462,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SLGN. Kennedy Capital Management LLC grew its position in Silgan by 22.8% during the first quarter. Kennedy Capital Management LLC now owns 73,648 shares of the industrial products company’s stock valued at $3,576,000 after buying an additional 13,692 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Silgan in the first quarter worth about $476,000. Perbak Capital Partners LLP purchased a new stake in shares of Silgan in the first quarter worth about $7,168,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Silgan by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,416 shares of the industrial products company’s stock worth $2,060,000 after buying an additional 2,386 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Silgan in the first quarter worth about $269,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

SLGN has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Silgan from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Citigroup upgraded shares of Silgan from a “neutral” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.83.

Insider Transactions at Silgan

In other news, VP B Frederik Prinzen sold 4,093 shares of Silgan stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $47.84, for a total value of $195,809.12. Following the completion of the transaction, the vice president now owns 4,520 shares of the company’s stock, valued at approximately $216,236.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Jay A. Martin sold 21,330 shares of Silgan stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $46.73, for a total value of $996,750.90. Following the completion of the sale, the senior vice president now directly owns 165,989 shares in the company, valued at approximately $7,756,665.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP B Frederik Prinzen sold 4,093 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.84, for a total value of $195,809.12. Following the sale, the vice president now owns 4,520 shares of the company’s stock, valued at $216,236.80. The disclosure for this sale can be found here. Insiders sold a total of 59,651 shares of company stock valued at $2,804,226 in the last quarter. 1.39% of the stock is owned by insiders.

Silgan Trading Up 1.9 %

NYSE:SLGN traded up $0.90 during trading hours on Tuesday, hitting $48.72. The company had a trading volume of 660,401 shares, compared to its average volume of 575,490. The company has a market capitalization of $5.20 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.61 and a beta of 0.67. The stock has a 50-day moving average price of $44.89 and a 200 day moving average price of $45.33. Silgan Holdings Inc. has a 52 week low of $38.11 and a 52 week high of $49.72. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.04 and a quick ratio of 0.62.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.37 billion. Silgan had a return on equity of 19.26% and a net margin of 5.25%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. On average, equities research analysts predict that Silgan Holdings Inc. will post 3.66 EPS for the current fiscal year.

Silgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, June 3rd. Silgan’s dividend payout ratio is presently 26.67%.

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.