Janus Henderson Group PLC reduced its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN – Free Report) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,333,657 shares of the industrial products company’s stock after selling 200,269 shares during the quarter. Janus Henderson Group PLC’s holdings in Silgan were worth $51,746,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Silgan by 22.1% in the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock valued at $374,395,000 after purchasing an additional 1,676,760 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Silgan by 25.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Silgan by 11.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,893,768 shares of the industrial products company’s stock worth $189,871,000 after purchasing an additional 505,813 shares during the last quarter. State Street Corp grew its holdings in Silgan by 0.7% during the 2nd quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after buying an additional 23,734 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Silgan by 177.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock valued at $137,262,000 after buying an additional 2,174,028 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.
Silgan Stock Performance
Shares of SLGN stock opened at $40.06 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.53 and a quick ratio of 0.78. The company’s fifty day moving average price is $42.57 and its two-hundred day moving average price is $42.49. The firm has a market capitalization of $4.23 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.19 and a beta of 0.66. Silgan Holdings Inc. has a 12 month low of $35.68 and a 12 month high of $49.55.
Silgan Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, June 1st. Silgan’s dividend payout ratio (DPR) is 32.94%.
Wall Street Analyst Weigh In
A number of analysts recently commented on SLGN shares. Truist Financial dropped their price objective on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price objective on Silgan from $53.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $59.00 price target on shares of Silgan in a report on Wednesday, July 15th. UBS Group set a $47.00 price objective on shares of Silgan and gave the stock a “neutral” rating in a research note on Thursday. Finally, Citigroup decreased their target price on Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.30.
Check Out Our Latest Stock Report on Silgan
About Silgan
Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.
Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.
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