Xponance Inc. Sells 257 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Xponance Inc. lessened its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,782 shares of the industrial products company’s stock after selling 257 shares during the quarter. Xponance Inc.’s holdings in Silgan were worth $443,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Silgan by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 25,113 shares of the industrial products company’s stock worth $1,083,000 after acquiring an additional 378 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Silgan by 6.2% during the 3rd quarter. Inspire Investing LLC now owns 7,112 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 414 shares in the last quarter. Paralel Advisors LLC grew its position in Silgan by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 35,678 shares of the industrial products company’s stock worth $1,538,000 after purchasing an additional 446 shares during the last quarter. Quent Capital LLC grew its position in Silgan by 94.9% during the 4th quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 505 shares during the last quarter. Finally, Keybank National Association OH grew its position in Silgan by 5.0% during the 3rd quarter. Keybank National Association OH now owns 11,190 shares of the industrial products company’s stock worth $482,000 after purchasing an additional 528 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Insider Activity at Silgan

In other Silgan news, VP B Frederik Prinzen sold 4,684 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $205,580.76. Following the completion of the transaction, the vice president now owns 8,613 shares of the company’s stock, valued at $378,024.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SLGN. Royal Bank of Canada boosted their target price on shares of Silgan from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. boosted their target price on shares of Silgan from $39.00 to $46.00 and gave the stock an “underweight” rating in a research report on Thursday, February 1st. Truist Financial boosted their target price on shares of Silgan from $52.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Citigroup boosted their target price on shares of Silgan from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Raymond James upped their price objective on shares of Silgan from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.13.

Silgan Stock Performance

Shares of NYSE SLGN opened at $46.96 on Friday. The company’s fifty day moving average price is $45.94 and its 200 day moving average price is $44.00. Silgan Holdings Inc. has a 1 year low of $38.11 and a 1 year high of $50.18. The company has a market capitalization of $5.01 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.68. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.61 and a current ratio of 1.02.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Silgan had a net margin of 5.44% and a return on equity of 20.29%. On average, research analysts predict that Silgan Holdings Inc. will post 3.67 earnings per share for the current year.

Silgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Wednesday, March 13th. This is an increase from Silgan’s previous quarterly dividend of $0.18. Silgan’s dividend payout ratio is 25.50%.

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.