Insider Move: The Insider, Adam Greenlee Unloaded 4,417 Shares of Silgan Holdings Inc. (NASDAQ:SLGN)

November 23, 2016 - By Linda Rogers

Insider Move: The Insider, Adam Greenlee Unloaded 4,417 Shares of Silgan Holdings Inc. (NASDAQ:SLGN)

Adam Greenlee Insider Sell

Mr. Adam Greenlee, the important Executive VP and COO at Silgan Holdings Inc has recently been linked with a broker transaction of 4,417 shares of the company, valued at $50.0 per share. The transaction amounted to a total value of of $220,975 US Dollars. Presently, Adam Greenlee owns 125,260 shares or about 0.21% of Silgan Holdings Inc’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).

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 6.38% above today’s ($49.82) stock price. Silgan Holdings Inc. has been the topic of 14 analyst reports since September 15, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, June 8 report. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Outperform” rating given on Tuesday, January 19 by Wells Fargo. Robert W. Baird upgraded Silgan Holdings Inc. (NASDAQ:SLGN) rating on Tuesday, January 5. Robert W. Baird has “Outperform” rating and $60.0 price target. As per Tuesday, September 13, the company rating was initiated by JP Morgan. The firm has “Neutral” rating by Citigroup given on Tuesday, August 2. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Underperform” rating given on Friday, March 18 by Bank of America. The rating was downgraded by Zacks on Monday, September 21 to “Sell”. As per Thursday, May 12, the company rating was initiated by Goldman Sachs. Bank of America downgraded Silgan Holdings Inc. (NASDAQ:SLGN) on Tuesday, September 15 to “Neutral” rating. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Neutral” rating by Macquarie Research on Tuesday, November 10.

Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.05, from 1.35 in 2016Q1. The ratio fall, 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.

Commonwealth Of Pennsylvania School Empls Retrmt Sys holds 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 7,798 shares. Mutual Of America Cap Mgmt Lc last reported 0.03% of its portfolio in the stock. Kennedy Cap has 109,628 shares for 0.11% of their US portfolio. Barclays Public Ltd owns 999 shares or 0% of their US portfolio. Old Mutual Global (Uk) Ltd has 0.06% invested in the company for 58,157 shares. Glenmede Na owns 3,800 shares or 0% of their US portfolio. Ladenburg Thalmann Finance Services has 956 shares for 0% of their US portfolio. Oregon Employees Retirement Fund, a Oregon-based fund reported 13,871 shares. Moreover, Goldman Sachs has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 139,127 shares. First Mercantile Trust, a Tennessee-based fund reported 8,100 shares. Metropolitan Life Insurance Com New York last reported 39,925 shares in the company. Cardinal Mngmt Limited Co Ct holds 1.10 million shares or 2.81% of its portfolio. Twin Cap Management holds 0.12% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 30,638 shares. Bnp Paribas Arbitrage has 0% invested in the company for 16,477 shares. Moreover, Segall Bryant And Hamill Ltd Liability Com has 0.09% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 67,719 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 2 insider sales for $107,243 net activity. The insider Andreacchi Anthony P sold $30,432. Shares for $48,049 were sold by Prinzen B Frederik on Thursday, August 18.

About 198,678 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 $3.03 billion. The Firm operates through three divisions: metal container, closures and plastic container. It has a 19.4 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 $29.80 million for 25.42 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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