Legato Capital Management LLC Grows Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Legato Capital Management LLC boosted its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 37.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,413 shares of the industrial products company’s stock after purchasing an additional 10,420 shares during the quarter. Legato Capital Management LLC’s holdings in Silgan were worth $1,999,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SLGN. FMR LLC boosted its position in shares of 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 in the last quarter. Weiss Asset Management LP purchased a new stake in Silgan during the third quarter worth approximately $11,422,000. Two Sigma Advisers LP boosted its holdings in Silgan by 202.3% in the third quarter. Two Sigma Advisers LP now owns 247,900 shares of the industrial products company’s stock valued at $13,015,000 after purchasing an additional 165,900 shares in the last quarter. Geode Capital Management LLC increased its stake in Silgan by 11.7% in the third quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company’s stock valued at $78,509,000 after purchasing an additional 157,160 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Silgan by 13.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 815,468 shares of the industrial products company’s stock worth $42,812,000 after purchasing an additional 97,381 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

SLGN has been the subject of several research analyst reports. Truist Financial restated a “buy” rating and issued a $70.00 target price (up previously from $69.00) on shares of Silgan in a report on Thursday, January 30th. Loop Capital upped their price objective on shares of Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Robert W. Baird lifted their target price on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their target price on Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Bank of America raised their price target on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Silgan Trading Down 0.6 %

Shares of SLGN stock opened at $52.98 on Wednesday. The company has a market capitalization of $5.66 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. 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 business’s 50 day moving average is $53.20 and its two-hundred day moving average is $52.35. Silgan Holdings Inc. has a twelve month low of $41.14 and a twelve month 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, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. Equities analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

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.