Dean Investment Associates LLC Sells 36,968 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Dean Investment Associates LLC lowered its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 34.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 71,431 shares of the industrial products company’s stock after selling 36,968 shares during the period. Dean Investment Associates LLC’s holdings in Silgan were worth $3,750,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its stake in shares of Silgan by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 40,071 shares of the industrial products company’s stock worth $1,696,000 after buying an additional 218 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Silgan by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,156 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 250 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Silgan by 2.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,707 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 267 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Silgan by 5.5% in the third quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 388 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Silgan by 1.1% during the second quarter. AQR Capital Management LLC now owns 37,660 shares of the industrial products company’s stock worth $1,594,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

SLGN has been the topic of several recent research reports. StockNews.com cut 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 shares of Silgan from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and an average target price of $57.43.

Silgan Price Performance

Shares of NYSE:SLGN opened at $55.38 on Friday. The firm has a 50 day moving average of $53.38 and a 200-day moving average of $49.59. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.91 billion, a PE ratio of 20.07, a PEG ratio of 1.48 and a beta of 0.69.

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

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.37%. Silgan’s dividend payout ratio (DPR) is currently 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.