Robeco Schweiz AG Lowers Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Robeco Schweiz AG cut its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,448 shares of the industrial products company’s stock after selling 265 shares during the period. Robeco Schweiz AG’s holdings in Silgan were worth $8,351,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new position in shares of Silgan in the fourth quarter valued at approximately $59,000. Venturi Wealth Management LLC increased its stake in Silgan by 220.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after buying an additional 963 shares during the period. KBC Group NV increased its stake in Silgan by 27.7% in the 3rd quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock valued at $120,000 after buying an additional 494 shares during the period. GAMMA Investing LLC raised its position in Silgan by 48.6% during the 4th quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock worth $137,000 after buying an additional 863 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Silgan in the 3rd quarter worth $154,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Silgan Stock Performance

NYSE SLGN opened at $54.65 on Thursday. The business has a 50 day moving average price of $53.05 and a 200 day moving average price of $52.68. The company has a market capitalization of $5.84 billion, a P/E ratio of 21.18, a PEG ratio of 1.27 and a beta of 0.71. Silgan Holdings Inc. has a 1-year low of $41.14 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share 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%. Sell-side analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. This is a boost from Silgan’s previous quarterly dividend of $0.19. Silgan’s payout ratio is presently 29.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Truist Financial reiterated a “buy” rating and set a $70.00 target price (up previously from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Robert W. Baird raised their price target on Silgan from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Loop Capital lifted their price target on Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada increased their price objective on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Insider Buying and Selling at Silgan

In other news, CEO Adam J. Greenlee sold 125,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $54.73, for a total value of $6,841,250.00. Following the completion of the transaction, the chief executive officer now directly owns 227,332 shares of the company’s stock, valued at $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 is available through the SEC website. Also, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total value of $1,064,400.00. Following the sale, the executive vice president now directly owns 152,133 shares in the company, 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. Insiders own 1.39% of the company’s stock.

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.