Silgan Holdings Inc. (SLGN) Shares Sold by First Quadrant L P CA

First Quadrant L P CA reduced its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 72.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,400 shares of the industrial products company’s stock after selling 70,593 shares during the quarter. First Quadrant L P CA’s holdings in Silgan were worth $624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Silgan by 422.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,177 shares of the industrial products company’s stock valued at $199,000 after acquiring an additional 5,802 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of 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 last quarter. Commonwealth Bank of Australia bought a new position in shares of Silgan during the 3rd quarter valued at approximately $330,000. LPL Financial LLC bought a new position in shares of Silgan during the 3rd quarter valued at approximately $373,000. Finally, Advisors Preferred LLC bought a new position in shares of Silgan during the 4th quarter valued at approximately $385,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

In other news, VP Robert B. Lewis sold 18,700 shares of Silgan stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $25.18, for a total transaction of $470,866.00. Following the completion of the sale, the vice president now directly owns 361,723 shares in the company, valued at $9,108,185.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 25,040 shares of company stock valued at $630,205. Corporate insiders own 30.32% of the company’s stock.

SLGN has been the subject of a number of research reports. Robert W. Baird lowered their target price on Silgan from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. KeyCorp restated a “hold” rating on shares of Silgan in a research report on Wednesday, October 24th. BMO Capital Markets lowered their price target on Silgan from $34.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Wells Fargo & Co lowered their price target on Silgan from $30.00 to $26.00 and set a “market perform” rating for the company in a research report on Thursday, October 25th. Finally, Citigroup upgraded Silgan from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.45.

Shares of SLGN opened at $27.82 on Monday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.67 and a beta of 0.83. Silgan Holdings Inc. has a 52-week low of $22.24 and a 52-week high of $29.78. The company has a quick ratio of 0.70, a current ratio of 0.40 and a debt-to-equity ratio of 2.40.

Silgan (NASDAQ:SLGN) last released its earnings results on Tuesday, January 29th. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Silgan had a return on equity of 26.82% and a net margin of 5.03%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, sell-side analysts anticipate that Silgan Holdings Inc. will post 2.17 earnings per share for the current fiscal year.

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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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