Silgan Holdings Inc. $SLGN Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in Silgan Holdings Inc. (NYSE:SLGN) by 56.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,275 shares of the industrial products company’s stock after selling 10,889 shares during the period. Illinois Municipal Retirement Fund’s holdings in Silgan were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLGN. Atria Investments Inc grew its holdings in shares of Silgan by 3.9% during the second quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 232 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Silgan by 1.0% in the 3rd quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock valued at $1,186,000 after purchasing an additional 262 shares during the period. NewEdge Advisors LLC grew its stake in Silgan by 4.8% during the 2nd quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock worth $367,000 after buying an additional 308 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Silgan by 174.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in Silgan by 6.7% during the second quarter. Corient Private Wealth LLC now owns 5,073 shares of the industrial products company’s stock worth $275,000 after buying an additional 319 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Stock Up 0.9%

Shares of Silgan stock opened at $48.40 on Friday. Silgan Holdings Inc. has a one year low of $36.15 and a one year high of $57.04. The company has a market cap of $5.11 billion, a P/E ratio of 17.99, a PEG ratio of 2.04 and a beta of 0.72. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.31 and a current ratio of 0.49. The firm has a fifty day moving average of $43.62 and a two-hundred day moving average of $42.87.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $49.00 price objective (up from $43.00) on shares of Silgan in a report on Thursday, February 5th. Zacks Research upgraded shares of Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and issued a $50.00 target price (up from $44.00) on shares of Silgan in a report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Silgan in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and an average price target of $52.88.

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.