Sun Sep 15 11:41:23 UTC 2024: ## AGF Management Cuts Stake in Silgan Holdings, Other Investors Adjust Positions

**New York, NY** – AGF Management Ltd. reduced its holdings in Silgan Holdings Inc. (NYSE: SLGN) by 1.6% in the second quarter, according to a recent SEC filing. The firm now owns 50,185 shares, valued at $2,124,000.

This move comes as several other hedge funds and institutional investors made changes to their SLGN positions. Norges Bank acquired a new position in the fourth quarter worth $41,921,000, while Janus Henderson Group PLC increased its stake by 95.6% in the first quarter, now holding 1,224,502 shares worth $59,462,000. Boston Trust Walden Corp and Wellington Management Group LLP also boosted their stakes in the second and fourth quarters, respectively.

Analysts remain optimistic about Silgan. Robert W. Baird, Truist Financial, Citigroup, and Royal Bank of Canada have all raised their price targets, with several assigning “buy” ratings. StockNews.com, however, downgraded the company from “buy” to “hold.” Overall, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.00, according to MarketBeat.

Silgan reported strong earnings for the second quarter, exceeding analysts’ estimates for both earnings per share and revenue. The company also announced a quarterly dividend of $0.19 per share, representing an annualized dividend of $0.76 and a yield of 1.50%.

Despite the positive developments, some insider trading activity has been observed. VP Stacey J. Mcgrath sold 1,600 shares of the company’s stock in August for a total transaction of $78,464.00.

Silgan Holdings Inc. manufactures and sells rigid packaging solutions for consumer goods products worldwide. The company operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers.

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