Xponance Inc. Increases Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Xponance Inc. raised its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,370 shares of the industrial products company’s stock after buying an additional 579 shares during the quarter. Xponance Inc.’s holdings in Silgan were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of Jackson Hole Trust acquired a new position in shares of Silgan in the 4th quarter valued at $59,000. Smartleaf Asset Management LLC increased its holdings in shares of Silgan by 1,229.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,906 shares during the period. GAMMA Investing LLC raised its stake in shares of Silgan by 48.6% in the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 863 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Silgan during the third quarter worth about $154,000. Finally, KBC Group NV boosted its position in Silgan by 52.5% in the fourth quarter. KBC Group NV now owns 3,473 shares of the industrial products company’s stock valued at $181,000 after buying an additional 1,196 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Price Performance

Silgan stock opened at $51.07 on Thursday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.27 and a beta of 0.71. The company’s fifty day moving average price is $52.72 and its 200 day moving average price is $52.73. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. As a group, equities research analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Silgan’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.57%. Silgan’s payout ratio is currently 31.01%.

Wall Street Analyst Weigh In

SLGN has been the subject of several research reports. Raymond James lifted their price objective on shares of Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price on shares of Silgan from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America upped their target price on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Loop Capital lifted their price target on Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.22.

Insider Buying and Selling

In related news, CEO Adam J. Greenlee sold 125,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the transaction, the chief executive officer now directly owns 227,332 shares in the company, valued at approximately $12,441,880.36. The trade was a 35.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the sale, the executive vice president now owns 152,133 shares of the company’s stock, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.