CI Investments Inc. Has $111,000 Stock Position in Silgan Holdings Inc. (NASDAQ:SLGN)

CI Investments Inc. lessened its holdings in shares of Silgan Holdings Inc. (NASDAQ:SLGNGet Rating) by 15.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,392 shares of the industrial products company’s stock after selling 431 shares during the quarter. CI Investments Inc.’s holdings in Silgan were worth $111,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Silgan by 11.0% during the 4th quarter. JPMorgan Chase & Co. now owns 5,310,001 shares of the industrial products company’s stock worth $227,481,000 after purchasing an additional 528,349 shares in the last quarter. Invesco Ltd. lifted its stake in Silgan by 0.9% in the fourth quarter. Invesco Ltd. now owns 2,257,065 shares of the industrial products company’s stock valued at $96,692,000 after acquiring an additional 20,840 shares during the last quarter. State Street Corp grew its position in Silgan by 2.3% in the fourth quarter. State Street Corp now owns 2,213,311 shares of the industrial products company’s stock worth $94,818,000 after acquiring an additional 50,404 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Silgan by 4.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,389,457 shares of the industrial products company’s stock worth $64,224,000 after purchasing an additional 55,063 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Silgan by 15.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,239,268 shares of the industrial products company’s stock valued at $57,291,000 after purchasing an additional 164,393 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

Silgan Stock Performance

SLGN opened at $46.46 on Thursday. The stock has a 50-day moving average of $43.60 and a 200-day moving average of $43.78. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.66 and a current ratio of 1.30. Silgan Holdings Inc. has a 52-week low of $37.10 and a 52-week high of $47.71. The company has a market cap of $5.12 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.26 and a beta of 0.75.

Silgan (NASDAQ:SLGNGet Rating) last announced its earnings results on Wednesday, July 27th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Silgan had a return on equity of 26.03% and a net margin of 6.07%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities research analysts forecast that Silgan Holdings Inc. will post 3.99 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.38%. Silgan’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity

In related news, CFO Robert B. Lewis sold 11,082 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $46.75, for a total transaction of $518,083.50. Following the completion of the transaction, the chief financial officer now directly owns 225,095 shares in the company, valued at approximately $10,523,191.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Robert B. Lewis sold 11,082 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $46.75, for a total transaction of $518,083.50. Following the transaction, the chief financial officer now directly owns 225,095 shares in the company, valued at $10,523,191.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert B. Lewis sold 3,918 shares of Silgan stock in a transaction on Friday, August 26th. The stock was sold at an average price of $47.43, for a total transaction of $185,830.74. Following the sale, the chief financial officer now owns 236,177 shares in the company, valued at approximately $11,201,875.11. The disclosure for this sale can be found here. 24.33% of the stock is owned by company insiders.

About Silgan

(Get Rating)

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom 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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