ProShare Advisors LLC Decreases Stake in Silgan Holdings Inc. $SLGN

ProShare Advisors LLC cut its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 629,197 shares of the industrial products company’s stock after selling 18,126 shares during the period. ProShare Advisors LLC’s holdings in Silgan were worth $27,062,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in Silgan by 174.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 316 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Silgan by 359.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 496 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after buying an additional 577 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Silgan during the second quarter worth approximately $40,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Silgan in the first quarter worth $54,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SLGN shares. Truist Financial set a $50.00 price objective on shares of Silgan and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company increased their price target on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on Silgan from $44.00 to $53.00 and gave the company an “overweight” rating in a report on Monday. Raymond James Financial restated a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Finally, UBS Group reiterated a “neutral” rating and issued a $50.00 target price (up previously from $44.00) on shares of Silgan in a research report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.88.

Silgan Stock Up 0.2%

NYSE:SLGN opened at $48.79 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.31 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average of $42.10 and a 200-day moving average of $42.84. The firm has a market capitalization of $5.16 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.08 and a beta of 0.72. Silgan Holdings Inc. has a 52 week low of $36.15 and a 52 week high of $57.04.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. Analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.