Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,415 shares of the industrial products company’s stock after selling 1,086 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Silgan worth $6,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its position 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 worth $329,619,000 after purchasing an additional 2,932,680 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in Silgan in the second quarter valued at about $19,666,000. Weiss Asset Management LP acquired a new stake in Silgan during the third quarter valued at approximately $11,422,000. Dimensional Fund Advisors LP lifted its holdings in Silgan by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company’s stock worth $125,404,000 after buying an additional 204,384 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Silgan by 202.3% in the 3rd quarter. Two Sigma Advisers LP now owns 247,900 shares of the industrial products company’s stock worth $13,015,000 after acquiring an additional 165,900 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SLGN has been the topic of several research reports. Royal Bank of Canada upped their price target on Silgan from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.43.

Silgan Stock Up 0.2 %

Silgan stock opened at $54.82 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.44 and a beta of 0.69. The company has a 50-day simple moving average of $53.72 and a 200-day simple moving average of $49.86. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09.

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

Silgan Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.39%. Silgan’s payout ratio is 27.54%.

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.