Schwab Charles Investment Management Inc. Purchases 18,869 Shares of Silgan Holdings Inc. (SLGN)

Schwab Charles Investment Management Inc. boosted its position in Silgan Holdings Inc. (NASDAQ:SLGN) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 830,052 shares of the industrial products company’s stock after purchasing an additional 18,869 shares during the period. Schwab Charles Investment Management Inc. owned 0.75% of Silgan worth $24,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLGN. Bank of Montreal Can increased its holdings in Silgan by 89.3% in the 2nd quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 1,847 shares in the last quarter. Aperio Group LLC increased its holdings in Silgan by 199.8% in the 2nd quarter. Aperio Group LLC now owns 26,708 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 17,799 shares in the last quarter. US Bancorp DE increased its holdings in Silgan by 100.0% in the 2nd quarter. US Bancorp DE now owns 6,762 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 3,381 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Silgan by 99.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,658 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 6,318 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Silgan by 100.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 45,796 shares of the industrial products company’s stock worth $1,455,000 after purchasing an additional 22,898 shares in the last quarter. 67.69% of the stock is owned by institutional investors and hedge funds.

In other Silgan news, Director William C. Jennings sold 25,642 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total value of $727,719.96. Following the sale, the director now owns 42,180 shares in the company, valued at approximately $1,197,068.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 33.10% of the company’s stock.

Shares of Silgan Holdings Inc. (SLGN) opened at $28.72 on Friday. Silgan Holdings Inc. has a 52-week low of $25.16 and a 52-week high of $32.50. The company has a market capitalization of $3,170.00, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.26 and a quick ratio of 0.73.

Silgan (NASDAQ:SLGN) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). Silgan had a net margin of 3.77% and a return on equity of 32.87%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. equities research analysts expect that Silgan Holdings Inc. will post 1.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.09 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.25%. Silgan’s dividend payout ratio (DPR) is presently 27.48%.

A number of equities analysts have issued reports on SLGN shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 target price on shares of Silgan in a report on Monday, September 18th. Zacks Investment Research raised Silgan from a “sell” rating to a “hold” rating in a report on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Silgan in a report on Sunday, October 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 target price on shares of Silgan in a report on Friday, October 27th. Finally, ValuEngine lowered Silgan from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Silgan presently has an average rating of “Hold” and a consensus price target of $30.75.

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About Silgan

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

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Institutional Ownership by Quarter for Silgan (NASDAQ:SLGN)

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