WINTON GROUP Ltd Buys New Stake in Silgan Holdings Inc. (SLGN)

WINTON GROUP Ltd bought a new position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 360,978 shares of the industrial products company’s stock, valued at approximately $10,035,000. WINTON GROUP Ltd owned about 0.33% of Silgan at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SLGN. Itau Unibanco Holding S.A. acquired a new stake in Silgan during the 2nd quarter valued at approximately $208,000. State of Alaska Department of Revenue lifted its stake in Silgan by 169.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,534 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 5,368 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Silgan by 118.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,379 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 6,177 shares during the period. Xact Kapitalforvaltning AB lifted its stake in Silgan by 54.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,888 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 4,200 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Silgan during the 2nd quarter valued at approximately $443,000. 67.19% of the stock is currently owned by institutional investors.

SLGN opened at $24.63 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.47 and a debt-to-equity ratio of 2.59. Silgan Holdings Inc. has a 1 year low of $23.14 and a 1 year high of $31.05. The firm has a market capitalization of $2.72 billion, a P/E ratio of 12.16, a PEG ratio of 1.16 and a beta of 0.68.

Silgan (NASDAQ:SLGN) last posted its earnings results on Wednesday, October 24th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Silgan had a net margin of 7.59% and a return on equity of 26.91%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the business posted $0.66 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that Silgan Holdings Inc. will post 2.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, November 30th. Silgan’s dividend payout ratio is currently 24.24%.

SLGN has been the subject of several research reports. Barclays decreased their price objective on shares of Silgan from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, October 29th. Royal Bank of Canada decreased their price objective on shares of Silgan to $25.00 and set a “sector perform” rating for the company in a research note on Monday, October 29th. BMO Capital Markets decreased their price objective on shares of Silgan from $34.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Wells Fargo & Co decreased their price objective on shares of Silgan from $30.00 to $26.00 and set a “market perform” rating for the company in a research note on Thursday, October 25th. Finally, BidaskClub upgraded shares of Silgan from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 13th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.33.

In other news, Director Leigh J. Abramson bought 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was purchased at an average cost of $27.36 per share, for a total transaction of $205,200.00. Following the purchase, the director now directly owns 7,500 shares in the company, valued at approximately $205,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Anthony P. Andreacchi sold 1,843 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $27.15, for a total transaction of $50,037.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,843 shares of company stock valued at $1,434,327. Company insiders own 30.32% of the company’s stock.

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Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as soups, vegetables, fruit, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, 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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