Squarepoint Ops LLC Takes Position in Silgan Holdings Inc. $SLGN

Squarepoint Ops LLC acquired a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,171 shares of the industrial products company’s stock, valued at approximately $1,851,000.

A number of other hedge funds also recently bought and sold shares of SLGN. Tower Research Capital LLC TRC boosted its position in Silgan by 79.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 3,275 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Silgan by 113.3% during the 2nd quarter. Corient Private Wealth LLC now owns 10,141 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 5,387 shares during the last quarter. Vident Advisory LLC boosted its position in Silgan by 19.4% during the second quarter. Vident Advisory LLC now owns 6,416 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 1,043 shares in the last quarter. MML Investors Services LLC grew its stake in Silgan by 46.5% in the second quarter. MML Investors Services LLC now owns 11,471 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 3,640 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Silgan by 28.8% in the second quarter. Engineers Gate Manager LP now owns 32,174 shares of the industrial products company’s stock worth $1,743,000 after purchasing an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Insider Transactions at Silgan

In other news, CEO Adam J. Greenlee bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of $38.19 per share, for a total transaction of $267,330.00. Following the completion of the transaction, the chief executive officer directly owned 328,164 shares in the company, valued at approximately $12,532,583.16. This represents a 2.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kimberly Irene Ulmer purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the acquisition, the chief accounting officer owned 105,321 shares in the company, valued at $4,013,783.31. This trade represents a 0.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.13% of the company’s stock.

Silgan Trading Up 0.3%

NYSE SLGN opened at $41.17 on Friday. Silgan Holdings Inc. has a 12-month low of $36.15 and a 12-month high of $57.61. The company has a fifty day simple moving average of $40.21 and a two-hundred day simple moving average of $46.18. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The stock has a market cap of $4.35 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.58 and a beta of 0.74.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. On average, analysts forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, December 1st. Silgan’s dividend payout ratio (DPR) is presently 27.21%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SLGN shares. Raymond James Financial set a $53.00 price target on shares of Silgan and gave the company an “outperform” rating in a report on Friday, October 17th. UBS Group initiated coverage on shares of Silgan in a research note on Monday, November 24th. They issued a “neutral” rating and a $42.00 target price for the company. Wells Fargo & Company cut their price target on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Zacks Research lowered Silgan from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Silgan in a research report on Monday. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.70.

About Silgan

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.