Charles Schwab Investment Management Inc. Boosts Position in Silgan Holdings Inc. (NYSE:SLGN)

Charles Schwab Investment Management Inc. boosted its position in Silgan Holdings Inc. (NYSE:SLGN) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 815,468 shares of the industrial products company’s stock after purchasing an additional 97,381 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Silgan were worth $42,812,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Silgan by 256.6% in the second quarter. Blue Trust Inc. now owns 592 shares of the industrial products company’s stock worth $25,000 after buying an additional 426 shares during the last quarter. Versant Capital Management Inc raised its position in Silgan by 2,838.5% in the second quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,107 shares during the period. GAMMA Investing LLC boosted its stake in shares of Silgan by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 613 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Silgan during the 2nd quarter valued at $70,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Silgan by 220.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 963 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SLGN. StockNews.com downgraded Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on Silgan from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.43.

Silgan Trading Up 0.1 %

Silgan stock opened at $57.53 on Monday. The firm’s 50 day moving average price is $52.87 and its 200-day moving average price is $49.26. Silgan Holdings Inc. has a 1 year low of $41.07 and a 1 year high of $58.14. The stock has a market cap of $6.14 billion, a P/E ratio of 20.84, a PEG ratio of 1.51 and a beta of 0.67. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.82 billion. Silgan had a net margin of 5.11% and a return on equity of 18.76%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, equities analysts predict that Silgan Holdings Inc. will post 3.6 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, December 2nd. Silgan’s dividend payout ratio is 27.54%.

Silgan Company 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.