Bank of Jackson Hole Trust Purchases Shares of 1,124 Silgan Holdings Inc. (NYSE:SLGN)

Bank of Jackson Hole Trust purchased a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,124 shares of the industrial products company’s stock, valued at approximately $59,000.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Silgan by 87.7% during the 3rd quarter. FMR LLC now owns 6,278,456 shares of the industrial products company’s stock worth $329,619,000 after acquiring an additional 2,932,680 shares during the last quarter. State Street Corp boosted its holdings in Silgan by 0.6% during the 3rd quarter. State Street Corp now owns 2,497,683 shares of the industrial products company’s stock worth $131,128,000 after acquiring an additional 14,109 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Silgan by 11.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company’s stock worth $78,509,000 after acquiring an additional 157,160 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Silgan by 0.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,278,560 shares of the industrial products company’s stock worth $67,124,000 after buying an additional 11,655 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Silgan by 13.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,468 shares of the industrial products company’s stock worth $42,812,000 after buying an additional 97,381 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLGN has been the topic of a number of research analyst reports. Truist Financial reissued a “buy” rating and issued a $70.00 price target (up from $69.00) on shares of Silgan in a report on Thursday, January 30th. Loop Capital boosted their price target on shares of Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Raymond James boosted their price target on shares of Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and a consensus price target of $64.22.

Silgan Stock Up 1.1 %

SLGN stock opened at $54.75 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $52.96 and its 200 day moving average is $52.47. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71. Silgan Holdings Inc. has a 1-year low of $41.14 and a 1-year high of $58.14.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. Sell-side analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Silgan news, EVP Robert B. Lewis sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the completion of the sale, the executive vice president now owns 152,133 shares of the company’s stock, valued at $8,096,518.26. This represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by insiders.

About Silgan

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.