Louisiana State Employees Retirement System increased its position in Silgan Holdings Inc. (NASDAQ:SLGN) by 106.3% during the second quarter, Holdings Channel reports. The fund owned 19,600 shares of the industrial products company’s stock after buying an additional 10,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Silgan Holdings were worth $623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Silgan Holdings by 89.3% in the second quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,847 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Silgan Holdings during the second quarter worth approximately $127,000. Envestnet Asset Management Inc. boosted its position in shares of Silgan Holdings by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock worth $139,000 after buying an additional 207 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Silgan Holdings by 1.0% in the first quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock worth $162,000 after buying an additional 27 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Silgan Holdings by 136.4% in the second quarter. LS Investment Advisors LLC now owns 5,788 shares of the industrial products company’s stock worth $184,000 after buying an additional 3,340 shares during the last quarter. Institutional investors own 36.00% of the company’s stock.

Silgan Holdings Inc. (NASDAQ:SLGN) traded up 0.65% during mid-day trading on Tuesday, reaching $30.80. The company had a trading volume of 60,882 shares. The stock has a market capitalization of $3.40 billion, a P/E ratio of 24.46 and a beta of 0.54. The stock has a 50 day moving average price of $31.63 and a 200-day moving average price of $50.69. Silgan Holdings Inc. has a 12-month low of $23.58 and a 12-month high of $32.50.

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

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A number of brokerages recently commented on SLGN. Robert W. Baird cut Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research 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 price target on the stock. in a research report on Thursday, July 13th. Zacks Investment Research cut Silgan Holdings from a “hold” rating to a “sell” rating in a research 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 research report on Thursday, July 27th. Finally, BidaskClub cut Silgan Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Silgan Holdings currently has an average rating of “Hold” and an average 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Adam J. Greenlee sold 5,643 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was 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. 33.10% of the stock is owned by corporate insiders.

Silgan Holdings Company Profile

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.

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

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