Insider Trade: Robert Lewis Sold 10,000 Shares of Silgan Holdings Inc. (NASDAQ:SLGN)

November 23, 2016 - By Adrian Mccoy

 Insider Trade: Robert Lewis Sold 10,000 Shares of Silgan Holdings Inc. (NASDAQ:SLGN)

Robert Lewis Insider Sell

A legal document filed with the Security Exchange Commission on 23-11-2016 made public that Robert Lewis, the Executive VP and CFO of Silgan Holdings Inc, ‘s company sold 10,000 shares. With average price per share of $50.0 the trade’s value is $500,455 U.S Dollars. Robert Lewis at the moment owns 0.36% of Silgan Holdings Inc’s total market capitalization with ownership of 217,490 shares. 

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. The company was initiated on Thursday, May 12 by Goldman Sachs. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Underperform” rating given on Friday, March 18 by Bank of America. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Outperform” rating given on Tuesday, January 19 by Wells Fargo. JP Morgan initiated the stock with “Neutral” rating in Tuesday, September 13 report. Citigroup maintained Silgan Holdings Inc. (NASDAQ:SLGN) rating on Tuesday, August 2. Citigroup has “Neutral” rating and $54 price target. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, January 21. The company was upgraded on Tuesday, January 5 by Robert W. Baird. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Neutral” rating given on Tuesday, November 10 by Macquarie Research. Citigroup maintained Silgan Holdings Inc. (NASDAQ:SLGN) rating on Tuesday, July 19. Citigroup has “Neutral” rating and $55 price target. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, October 26 report.

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.

Three Peaks Cap Llc last reported 3.09% of its portfolio in the stock. Teacher Retirement System Of Texas owns 18,077 shares or 0.01% of their US portfolio. The United Kingdom-based Barclays Public Ltd has invested 0% in Silgan Holdings Inc. (NASDAQ:SLGN). Ls Invest Advisors Ltd holds 0.01% or 2,467 shares in its portfolio. Ngam Advsr Lp owns 163,454 shares or 0.12% of their US portfolio. Segall Bryant & Hamill Limited Liability Co holds 0.09% or 67,719 shares in its portfolio. Moreover, Deutsche Retail Bank Ag has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 69,653 shares. Parallax Volatility Advisers Lp holds 0% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 3 shares. Blackrock Institutional Tru Na has invested 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Great Lakes Advisors Limited Liability Corporation last reported 0.05% of its portfolio in the stock. Blackrock Investment Mngmt Ltd Company accumulated 0.01% or 139,454 shares. The Illinois-based Envestnet Asset Management has invested 0% in Silgan Holdings Inc. (NASDAQ:SLGN). Eulav Asset accumulated 223,800 shares or 0.63% of the stock. Federated Investors Pa accumulated 0% or 22,915 shares. Aberdeen Asset Mgmt Plc Uk accumulated 327,455 shares or 0.06% of the stock.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 2 insider sales for $107,243 net activity. 1,000 shares were sold by Prinzen B Frederik, worth $48,049. 600 shares were sold by Andreacchi Anthony P, worth $30,432 on Wednesday, May 25.

About 187,639 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.

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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