November 23, 2016 - By Linda Rogers
Thomas Snyder who is presently the President – Silgan Containers of Silgan Holdings Inc lately sold 20,411 shares of the Pinksheet-listed company. The insider transaction has $1,035,858 U.S. Dollars total value, at the average stock price of $50.8. Thomas Snyder now indirectly has rights to 0 shares. He also directly has rights to 36460 shares. In total he holds a stake of 0.06%. The transaction, dated 23-11-2016, is recorded on a report that was filed with the U.S. Security & Exchange Commission and is ready for use here.
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 rating was downgraded by BMO Capital Markets on Wednesday, June 8 to “Market Perform”. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Equal Weight” rating by Barclays Capital on Monday, October 26. The rating was upgraded by BMO Capital Markets on Thursday, January 21 to “Market Perform”. The stock has “Neutral” rating given by Citigroup on Tuesday, July 19. The firm earned “Outperform” rating on Tuesday, January 19 by Wells Fargo. The firm has “Neutral” rating given on Tuesday, November 10 by Macquarie Research. The firm earned “Sell” rating on Monday, September 21 by Zacks. The stock has “Neutral” rating given by JP Morgan on Tuesday, September 13. The rating was downgraded by Bank of America to “Underperform” on Friday, March 18. The company was maintained on Tuesday, August 2 by Citigroup.
Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. 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.
Jlb And Assoc accumulated 104,995 shares or 1.53% of the stock. Citigroup owns 22,057 shares or 0% of their US portfolio. Citadel Ltd Com reported 277,415 shares or 0.02% of all its holdings. Moreover, Royal National Bank & Trust Of Canada has 0.01% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 253,616 shares. Gotham Asset Management Lc holds 0.03% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 53,647 shares. Blackrock Inv Mngmt Llc reported 139,454 shares or 0.01% of all its holdings. Epoch Invest Partners accumulated 0.12% or 637,477 shares. First Mercantile Tru last reported 0.05% of its portfolio in the stock. The New York-based Tompkins Financial has invested 0% in Silgan Holdings Inc. (NASDAQ:SLGN). Stifel Financial holds 0% or 12,194 shares in its portfolio. Aristotle Boston Ltd Company last reported 62,756 shares in the company. Price T Rowe Assoc Md has 24,208 shares for 0% of their US portfolio. Teachers Retirement Of The State Of Kentucky owns 67,808 shares or 0.05% of their US portfolio. Tiaa Cref Inv Mngmt Limited Liability Corp reported 134,472 shares or 0.01% of all its holdings. Capstone Asset Mngmt Comm, a Texas-based fund reported 4,609 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 2 sales for $107,243 net activity. On Thursday, August 18 the insider Prinzen B Frederik sold $48,049. Andreacchi Anthony P had sold 1,221 shares worth $59,194 on Tuesday, August 30.
About 185,350 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 EPS, 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 EPS reported by Silgan Holdings Inc. for the previous quarter, Wall Street now forecasts -60.16% negative EPS growth.
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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By Linda Rogers