Inside Selling: Anthony Allott Sold 33,875 Shares of Silgan Holdings Inc. (NASDAQ:SLGN)

November 23, 2016 - By Hazel Jackson

Inside Selling: Anthony Allott Sold 33,875 Shares of Silgan Holdings Inc. (NASDAQ:SLGN)

Anthony Allott Insider Sell

The President and CEO of Silgan Holdings Inc, Anthony Allott has made a sudden trade in the corporation that is with a total value of $1,719,156 US Dollars. As revealed in the SEC public form filed on 23/11/2016, Anthony sold 33,875 shares at an average stock price per share of $50.8. Presently, he owns a total of 488,852 shares or 0.80% of Silgan Holdings Inc’s total market capitalization.

Silgan Holdings Inc. (NASDAQ:SLGN) Ratings Coverage

Out of 10 analysts covering Silgan Holdings Inc. (NASDAQ:SLGN), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. $60.0 is the highest target while $50 is the lowest. The $53 average target is 6.19% above today’s ($49.91) stock price. Silgan Holdings Inc. has been the topic of 14 analyst reports since September 15, 2015 according to StockzIntelligence Inc. As per Tuesday, September 15, the company rating was downgraded by Bank of America. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Equal Weight” rating by Barclays Capital on Monday, October 26. The company was initiated on Thursday, May 12 by Goldman Sachs. As per Tuesday, January 19, the company rating was upgraded by Wells Fargo. The rating was upgraded by BMO Capital Markets to “Market Perform” on Thursday, January 21. Zacks downgraded the stock to “Sell” rating in Monday, September 21 report. The stock has “Neutral” rating given by JP Morgan on Tuesday, September 13. As per Friday, March 18, the company rating was downgraded by Bank of America. The stock has “Market Perform” rating given by BMO Capital Markets on Wednesday, June 8. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Neutral” rating by Citigroup on Tuesday, July 19.

Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.05, from 1.35 in 2016Q1. The ratio worsened, as 23 funds sold all Silgan Holdings Inc. shares owned while 52 reduced positions. 17 funds bought stakes while 84 increased positions. They now own 40.53 million shares or 0.02% more from 40.52 million shares in 2016Q1.

Carlson Capital Limited Partnership reported 676,400 shares or 0.43% of all its holdings. Parallax Volatility Advisers Lp, a California-based fund reported 3 shares. Pinebridge Investments L P has 0.02% invested in the company for 7,926 shares. Marshall Wace Limited Liability Partnership reported 31,240 shares or 0.01% of all its holdings. State Of Wisconsin Investment Board accumulated 26,580 shares or 0.01% of the stock. Ibm Retirement Fund accumulated 4,118 shares or 0.01% of the stock. Blackrock reported 26,546 shares or 0% of all its holdings. State Street Corp holds 0.01% or 999,423 shares in its portfolio. Us State Bank De holds 0% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 4,538 shares. Thomas White Ltd last reported 6,500 shares in the company. California Employees Retirement has 0% invested in the company for 22,400 shares. Sei Invs has 0% invested in the company for 3,729 shares. Shelton Capital has 0.02% invested in the company for 4,510 shares. Aperio Ltd Limited Liability Company, a California-based fund reported 5,602 shares. The Iowa-based Principal Fincl Incorporated has invested 0.01% in Silgan Holdings Inc. (NASDAQ:SLGN).

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 2 sales for $107,243 net activity. On Thursday, August 18 Prinzen B Frederik sold $48,049 worth of the stock or 1,000 shares. Andreacchi Anthony P sold $59,194 worth of stock or 1,221 shares.

About 182,382 shares traded hands. Silgan Holdings Inc. (NASDAQ:SLGN) has declined 5.73% since April 21, 2016 and is downtrending. It has underperformed by 11.06% the S&P500.

Silgan Holdings Inc. is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The company has a market cap of $3.04 billion. The Firm operates through three divisions: metal container, closures and plastic container. It has a 19.43 P/E ratio. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.

According to Zacks Investment Research, “SILGAN HOLDINGS is a holding company. Through its wholly owned subsidiaries, the company is engaged in the packaging industry and has three business units: Metal Food Container Business, Plastic Container Business and Specialty Packaging Business.”

Analysts await Silgan Holdings Inc. (NASDAQ:SLGN) to report earnings on February, 7. They expect $0.49 earnings per share, up 2.08% or $0.01 from last year’s $0.48 per share. SLGN’s profit will be $29.85M for 25.46 P/E if the $0.49 EPS becomes a reality. After $1.23 actual earnings per share reported by Silgan Holdings Inc. for the previous quarter, Wall Street now forecasts -60.16% negative EPS growth.

Another recent and important Silgan Holdings Inc. (NASDAQ:SLGN) news was published by Streetinsider.com which published an article titled: “Form 4 SILGAN HOLDINGS INC For: Nov 03 Filed by: Snyder Thomas James” on November 23, 2016.

SLGN Company Profile

Silgan Holdings Inc. (Silgan), incorporated on April 6, 1989, is a maker of rigid packaging for shelf-stable food and other consumer goods products. The Firm operates through three divisions: metal container, closures and plastic container. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products. It operates approximately 90 manufacturing plants in North America, Europe, Asia and South America.

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