Silgan Holdings Inc. (NASDAQ:SLGN) Shares Bought by Strs Ohio

Strs Ohio raised its position in Silgan Holdings Inc. (NASDAQ:SLGN) by 124.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,800 shares of the industrial products company’s stock after purchasing an additional 28,742 shares during the period. Strs Ohio’s holdings in Silgan were worth $1,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SLGN. Mason Street Advisors LLC lifted its position in shares of Silgan by 1.1% in the fourth quarter. Mason Street Advisors LLC now owns 41,241 shares of the industrial products company’s stock valued at $1,282,000 after acquiring an additional 429 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Silgan by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the industrial products company’s stock valued at $628,000 after acquiring an additional 600 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Silgan by 0.6% in the second quarter. New York State Teachers Retirement System now owns 99,200 shares of the industrial products company’s stock valued at $3,213,000 after acquiring an additional 600 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Silgan by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 38,640 shares of the industrial products company’s stock valued at $1,121,000 after acquiring an additional 611 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Silgan by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 101,513 shares of the industrial products company’s stock valued at $2,944,000 after acquiring an additional 911 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors.

SLGN has been the topic of several recent research reports. Zacks Investment Research downgraded Silgan from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Friday, April 17th. ValuEngine downgraded Silgan from a “hold” rating to a “sell” rating in a research report on Monday, June 1st. Deutsche Bank increased their target price on Silgan from $31.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. KeyCorp reiterated a “hold” rating on shares of Silgan in a research report on Wednesday, April 22nd. Finally, BidaskClub upgraded Silgan from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $37.00.

Shares of NASDAQ:SLGN opened at $38.25 on Friday. The firm has a market capitalization of $4.24 billion, a PE ratio of 16.92, a P/E/G ratio of 2.71 and a beta of 0.67. Silgan Holdings Inc. has a 12 month low of $24.65 and a 12 month high of $38.99. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.41 and a quick ratio of 0.23. The business has a 50-day moving average of $33.52 and a two-hundred day moving average of $31.92.

Silgan (NASDAQ:SLGN) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.21. Silgan had a net margin of 5.50% and a return on equity of 27.83%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 billion. As a group, research analysts anticipate that Silgan Holdings Inc. will post 2.84 earnings per share for the current year.

In other Silgan news, CFO Robert B. Lewis sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $33.00, for a total transaction of $330,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 32,532 shares of company stock worth $1,175,316 over the last three months. 30.32% of the stock is currently owned by corporate insiders.

Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

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Institutional Ownership by Quarter for Silgan (NASDAQ:SLGN)

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