JPMorgan Chase & Co. Acquires 1,822,797 Shares of Silgan Holdings Inc. $SLGN

JPMorgan Chase & Co. raised its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 31.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,597,335 shares of the industrial products company’s stock after buying an additional 1,822,797 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Silgan worth $326,761,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its position in shares of Silgan by 0.7% in the second quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after acquiring an additional 23,734 shares during the period. Geode Capital Management LLC raised its stake in Silgan by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,573,647 shares of the industrial products company’s stock valued at $85,272,000 after purchasing an additional 28,979 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Silgan by 1.7% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 1,111,276 shares of the industrial products company’s stock valued at $60,209,000 after purchasing an additional 18,697 shares during the period. Norges Bank acquired a new stake in Silgan in the 2nd quarter worth $48,626,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Silgan by 7.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 825,057 shares of the industrial products company’s stock worth $35,486,000 after purchasing an additional 55,288 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SLGN shares. Citigroup reiterated a “buy” rating and issued a $56.00 target price (up previously from $47.00) on shares of Silgan in a research note on Friday, February 6th. Wells Fargo & Company raised their price objective on Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $49.00 price objective (up previously from $43.00) on shares of Silgan in a report on Thursday, February 5th. Raymond James Financial restated a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $50.00 target price (up from $44.00) on shares of Silgan in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.88.

Silgan Trading Down 0.5%

SLGN stock opened at $47.98 on Friday. Silgan Holdings Inc. has a 1-year low of $36.15 and a 1-year high of $57.04. The company has a current ratio of 0.49, a quick ratio of 0.31 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $43.45 and its 200-day moving average is $42.86. The firm has a market cap of $5.07 billion, a P/E ratio of 17.84, a P/E/G ratio of 2.06 and a beta of 0.72.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. Silgan’s quarterly revenue was up 4.1% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. Equities analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

About Silgan

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.