Skylands Capital LLC acquired a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN – Free Report) in the 3rd quarter, Holdings Channel reports. The firm acquired 38,150 shares of the industrial products company’s stock, valued at approximately $1,641,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc raised its position in shares of Silgan by 3.9% during the 2nd quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock valued at $338,000 after buying an additional 232 shares in the last quarter. Yousif Capital Management LLC grew its position in Silgan by 1.0% in the third quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock worth $1,186,000 after acquiring an additional 262 shares in the last quarter. NewEdge Advisors LLC increased its stake in Silgan by 4.8% during the second quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 308 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Silgan by 174.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 316 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Silgan by 6.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,073 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 319 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.
Silgan Stock Performance
SLGN stock opened at $48.79 on Wednesday. Silgan Holdings Inc. has a twelve month low of $36.15 and a twelve month high of $57.04. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 2.08 and a beta of 0.72. The business’s fifty day simple moving average is $42.10 and its two-hundred day simple moving average is $42.84. The company has a quick ratio of 0.31, a current ratio of 0.49 and a debt-to-equity ratio of 1.68.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SLGN shares. Citigroup reissued a “buy” rating and set a $56.00 target price (up previously from $47.00) on shares of Silgan in a research report on Friday. Truist Financial set a $50.00 price objective on shares of Silgan and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Zacks Research raised shares of Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.88.
Read Our Latest Research Report on Silgan
Silgan Profile
Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.
Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.
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