Venturi Wealth Management LLC Purchases 2,145 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Venturi Wealth Management LLC lifted its position in Silgan Holdings Inc. (NYSE:SLGN) by 153.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,545 shares of the industrial products company’s stock after purchasing an additional 2,145 shares during the quarter. Venturi Wealth Management LLC’s holdings in Silgan were worth $185,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Silgan by 7.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,517 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 361 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Silgan by 5.5% in the third quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 388 shares in the last quarter. Captrust Financial Advisors grew its position in Silgan by 5.7% in the third quarter. Captrust Financial Advisors now owns 8,405 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 456 shares in the last quarter. KBC Group NV grew its position in Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 494 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in Silgan by 7.4% in the fourth quarter. Sanctuary Advisors LLC now owns 7,715 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 533 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

SLGN has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Bank of America lifted their price target on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Truist Financial reiterated a “buy” rating and issued a $70.00 price target (up previously from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Raymond James boosted their target price on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Silgan has an average rating of “Moderate Buy” and a consensus price target of $64.22.

Insider Activity at Silgan

In related news, EVP Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the completion of the sale, the executive vice president now owns 152,133 shares in the company, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.39% of the stock is owned by company insiders.

Silgan Stock Down 2.0 %

Shares of NYSE:SLGN opened at $54.41 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. The firm has a market capitalization of $5.81 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.71. The business has a 50 day simple moving average of $52.96 and a two-hundred day simple moving average of $52.53. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14.

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

Silgan Company 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.