Blue Trust Inc. Sells 4,364 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Blue Trust Inc. cut its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 74.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,527 shares of the industrial products company’s stock after selling 4,364 shares during the period. Blue Trust Inc.’s holdings in Silgan were worth $79,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SLGN. Venturi Wealth Management LLC grew its holdings in shares of Silgan by 220.4% in the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 963 shares in the last quarter. KBC Group NV grew its holdings in shares of Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 494 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Silgan by 48.6% in the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 863 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Silgan in the third quarter valued at approximately $154,000. Finally, Stifel Financial Corp bought a new position in shares of Silgan in the third quarter valued at approximately $203,000. 70.25% of the stock is owned by institutional investors.

Silgan Price Performance

Silgan stock opened at $54.41 on Monday. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14. The business has a fifty day moving average price of $52.96 and a 200-day moving average price of $52.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. The firm has a market capitalization of $5.81 billion, a P/E ratio of 21.09, a PEG ratio of 1.27 and a beta of 0.71.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, equities research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SLGN shares. Robert W. Baird upped their target price on Silgan from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on Silgan from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Raymond James increased their price objective on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Loop Capital increased their price objective on Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 20,000 shares of Silgan stock in a transaction dated 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 transaction, the executive vice president now owns 152,133 shares in the company, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.39% of the company’s stock.

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.