Keybank National Association OH Has $482,000 Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Keybank National Association OH increased its stake in Silgan Holdings Inc. (NYSE:SLGNFree Report) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,190 shares of the industrial products company’s stock after purchasing an additional 528 shares during the quarter. Keybank National Association OH’s holdings in Silgan were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SLGN. Raymond James & Associates raised its holdings in Silgan by 21.6% during the 1st quarter. Raymond James & Associates now owns 32,571 shares of the industrial products company’s stock valued at $1,506,000 after acquiring an additional 5,788 shares during the period. Citigroup Inc. grew its position in shares of Silgan by 5.4% during the 1st quarter. Citigroup Inc. now owns 12,553 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 640 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of Silgan by 9.0% during the 1st quarter. Natixis Advisors L.P. now owns 27,788 shares of the industrial products company’s stock valued at $1,285,000 after purchasing an additional 2,288 shares in the last quarter. Bank of Montreal Can grew its position in shares of Silgan by 3.3% during the 1st quarter. Bank of Montreal Can now owns 21,702 shares of the industrial products company’s stock valued at $1,009,000 after purchasing an additional 703 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Silgan during the 1st quarter valued at $89,000. Institutional investors own 66.24% of the company’s stock.

Silgan Price Performance

Shares of NYSE SLGN opened at $44.05 on Thursday. Silgan Holdings Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $54.92. The company has a 50 day simple moving average of $44.05 and a two-hundred day simple moving average of $43.28. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 2.42 and a beta of 0.69. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.29 and a current ratio of 0.48.

Insider Buying and Selling

In related news, EVP Robert B. Lewis sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.47, for a total value of $1,011,750.00. Following the sale, the executive vice president now owns 179,229 shares in the company, valued at $7,253,397.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SLGN. Royal Bank of Canada boosted their price target on shares of Silgan from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Raymond James upped their target price on shares of Silgan from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on shares of Silgan from $39.00 to $46.00 and gave the stock an “underweight” rating in a research report on Thursday, February 1st. Citigroup upped their target price on shares of Silgan from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Truist Financial upped their price target on shares of Silgan from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

Check Out Our Latest Report on SLGN

Silgan Profile

(Free Report)

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, and beauty products, as well as capping/sealing equipment and detection systems.

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Institutional Ownership by Quarter for Silgan (NYSE:SLGN)

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