Parametrica Management Ltd acquired a new stake in shares of Silgan Holdings Inc. (NASDAQ:SLGN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,100 shares of the industrial products company’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also modified their holdings of SLGN. Northern Trust Corp boosted its holdings in Silgan Holdings by 79.6% during the second quarter. Northern Trust Corp now owns 648,964 shares of the industrial products company’s stock worth $20,623,000 after purchasing an additional 287,658 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Silgan Holdings by 106.8% during the second quarter. Wells Fargo & Company MN now owns 1,608,013 shares of the industrial products company’s stock worth $51,104,000 after purchasing an additional 830,485 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Silgan Holdings by 6.8% during the first quarter. Vanguard Group Inc. now owns 3,918,778 shares of the industrial products company’s stock worth $232,618,000 after purchasing an additional 247,984 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Silgan Holdings by 102.2% during the second quarter. JPMorgan Chase & Co. now owns 7,792,959 shares of the industrial products company’s stock worth $247,661,000 after purchasing an additional 3,939,145 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Silgan Holdings by 100.0% during the second quarter. Swiss National Bank now owns 126,800 shares of the industrial products company’s stock worth $4,030,000 after purchasing an additional 63,400 shares during the last quarter. Hedge funds and other institutional investors own 66.53% of the company’s stock.

Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Silgan Holdings had a net margin of 3.77% and a return on equity of 32.87%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS.

In other news, insider Thomas James Snyder sold 10,506 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $30.78, for a total transaction of $323,374.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Anthony P. Andreacchi sold 2,192 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $30.18, for a total transaction of $66,154.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,698 shares of company stock worth $597,429. Insiders own 33.10% of the company’s stock.

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Several research analysts recently weighed in on SLGN shares. KeyCorp restated a “hold” rating on shares of Silgan Holdings in a report on Friday, August 25th. BidaskClub cut shares of Silgan Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets restated a “buy” rating and set a $34.00 price target on shares of Silgan Holdings in a report on Monday, September 18th. Bank of America Corporation cut shares of Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Thursday, July 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Silgan Holdings in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.57.

About Silgan Holdings

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.

Institutional Ownership by Quarter for Silgan Holdings (NASDAQ:SLGN)

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