LS Investment Advisors LLC increased its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 136.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,788 shares of the industrial products company’s stock after buying an additional 3,340 shares during the period. LS Investment Advisors LLC’s holdings in Silgan Holdings were worth $184,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Silgan Holdings by 6.8% in the first quarter. Vanguard Group Inc. now owns 3,918,778 shares of the industrial products company’s stock valued at $232,618,000 after buying an additional 247,984 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Silgan Holdings by 12,224.8% in the first quarter. BlackRock Inc. now owns 3,200,257 shares of the industrial products company’s stock valued at $189,966,000 after buying an additional 3,174,291 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Silgan Holdings by 2.2% in the first quarter. Wellington Management Group LLP now owns 1,533,986 shares of the industrial products company’s stock valued at $91,058,000 after buying an additional 32,672 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Silgan Holdings by 96.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,164,656 shares of the industrial products company’s stock valued at $37,013,000 after buying an additional 571,928 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Silgan Holdings by 94.0% in the second quarter. GW&K Investment Management LLC now owns 770,116 shares of the industrial products company’s stock valued at $24,474,000 after buying an additional 373,086 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Silgan Holdings Inc. (SLGN) traded up 0.69% during trading on Tuesday, reaching $30.81. The company’s stock had a trading volume of 60,372 shares. Silgan Holdings Inc. has a 52-week low of $23.58 and a 52-week high of $32.50. The firm has a 50 day moving average price of $31.63 and a 200-day moving average price of $50.69. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 24.47 and a beta of 0.54.

Silgan Holdings (NASDAQ:SLGN) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue was up 16.8% on a year-over-year basis. On average, analysts expect that Silgan Holdings Inc. will post $1.66 earnings per share for the current year.

WARNING: “LS Investment Advisors LLC Has $184,000 Position in Silgan Holdings Inc. (NASDAQ:SLGN)” was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/08/ls-investment-advisors-llc-has-184000-position-in-silgan-holdings-inc-nasdaqslgn.html.

Several analysts have recently commented on the company. Robert W. Baird cut Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) cut Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a report on Thursday, July 13th. Zacks Investment Research cut Silgan Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Bank of America Corporation cut Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Thursday, July 27th. Finally, BidaskClub cut Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.36.

In other Silgan Holdings news, VP B Frederik Prinzen sold 3,204 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $62.28, for a total value of $199,545.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Adam J. Greenlee sold 5,643 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $61.56, for a total value of $347,383.08. The disclosure for this sale can be found here. Insiders own 33.10% of the company’s stock.

About Silgan Holdings

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

Want to see what other hedge funds are holding SLGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silgan Holdings Inc. (NASDAQ:SLGN).

Institutional Ownership by Quarter for Silgan Holdings (NASDAQ:SLGN)

Receive News & Ratings for Silgan Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.