Venturi Wealth Management LLC Acquires 2,145 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Venturi Wealth Management LLC increased its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 153.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,545 shares of the industrial products company’s stock after purchasing an additional 2,145 shares during the quarter. Venturi Wealth Management LLC’s holdings in Silgan were worth $185,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its stake in Silgan by 7.4% in the fourth quarter. Sanctuary Advisors LLC now owns 7,715 shares of the industrial products company’s stock worth $433,000 after buying an additional 533 shares in the last quarter. Rhumbline Advisers increased its position in shares of Silgan by 0.8% during the fourth quarter. Rhumbline Advisers now owns 295,709 shares of the industrial products company’s stock worth $15,392,000 after purchasing an additional 2,463 shares in the last quarter. Legato Capital Management LLC increased its position in shares of Silgan by 37.2% during the fourth quarter. Legato Capital Management LLC now owns 38,413 shares of the industrial products company’s stock worth $1,999,000 after purchasing an additional 10,420 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Silgan during the fourth quarter worth $255,000. Finally, Ausbil Investment Management Ltd increased its position in shares of Silgan by 93.9% during the fourth quarter. Ausbil Investment Management Ltd now owns 12,579 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 6,091 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Silgan Price Performance

NYSE SLGN opened at $54.41 on Friday. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14. 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 company has a market cap of $5.81 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.25 and a beta of 0.71. The stock’s fifty day moving average price is $52.96 and its 200 day moving average price is $52.53.

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

Insider Buying and Selling at Silgan

In other Silgan news, EVP Robert B. Lewis sold 20,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total value of $1,064,400.00. Following the sale, the executive vice president now directly owns 152,133 shares of the company’s stock, valued at approximately $8,096,518.26. This represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SLGN has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price target on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Loop Capital upped their price target on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Silgan from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Truist Financial reissued a “buy” rating and issued a $70.00 target price (up from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Finally, Raymond James upped their target price on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Silgan 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.