Bradley Foster & Sargent Inc. CT Purchases Shares of 16,675 Silgan Holdings Inc. (SLGN)
Bradley Foster & Sargent Inc. CT purchased a new stake in Silgan Holdings Inc. (NASDAQ:SLGN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,675 shares of the industrial products company’s stock, valued at approximately $491,000. Bradley Foster & Sargent Inc. CT owned approximately 15,115.12% of Silgan Holdings as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in 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 valued at $124,000 after buying an additional 1,847 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Silgan Holdings in the second quarter valued at about $127,000. Victory Capital Management Inc. acquired a new position in Silgan Holdings in the second quarter valued at about $140,000. Pacad Investment Ltd. boosted its position in Silgan Holdings by 15.6% in the second quarter. Pacad Investment Ltd. now owns 5,200 shares of the industrial products company’s stock valued at $165,000 after buying an additional 700 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in 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 valued at $184,000 after buying an additional 3,340 shares in the last quarter. Hedge funds and other institutional investors own 65.87% of the company’s stock.
SLGN has been the topic of a number of recent analyst reports. KeyCorp restated a “hold” rating on shares of Silgan Holdings in a research report on Friday, August 25th. BidaskClub lowered shares of Silgan Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. BMO Capital Markets restated a “buy” rating and issued a $34.00 price target on shares of Silgan Holdings in a research report on Monday, September 18th. Bank of America Corporation lowered shares of Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Thursday, July 27th. Finally, Robert W. Baird reiterated a “hold” rating and set a $32.00 target price on shares of Silgan Holdings in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.57.
In related news, VP Anthony P. Andreacchi sold 2,192 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.18, for a total value of $66,154.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas James Snyder sold 10,506 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $30.78, for a total transaction of $323,374.68. The disclosure for this sale can be found here. Insiders sold 19,698 shares of company stock worth $597,429 over the last 90 days. 33.10% of the stock is currently owned by company insiders.
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Silgan Holdings Inc. (SLGN) opened at $28.61 on Friday. Silgan Holdings Inc. has a twelve month low of $24.36 and a twelve month high of $32.50. The firm has a market cap of $3,171.01, a P/E ratio of 18.42, a P/E/G ratio of 1.75 and a beta of 0.52. The company has a quick ratio of 0.25, a current ratio of 0.44 and a debt-to-equity ratio of 4.50.
Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). Silgan Holdings had a net margin of 3.77% and a return on equity of 32.87%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. equities analysts predict that Silgan Holdings Inc. will post 1.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.36 annualized dividend and a yield of 1.26%. Silgan Holdings’s dividend payout ratio is currently 27.38%.
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.
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