BlackRock Amends Silgan Holdings Stake, Filing SC 13G/A
Ticker: SLGN · Form: SC 13G/A · Filed: Jan 29, 2024
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its stake in Silgan Holdings, showing its latest institutional ownership.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Common Stock in Silgan Holdings Inc. as of December 31, 2023. This filing, Amendment No. 7, updates BlackRock's previously reported stake in the metal can manufacturer. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Silgan Holdings Inc.'s future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Silgan Holdings Inc., providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present significant risk.
Analyst Insight
Investors should note BlackRock's continued institutional interest in Silgan Holdings Inc. and consider this as part of their broader due diligence, but this filing alone doesn't suggest immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Silgan Holdings Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is SILGAN HOLDINGS INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SILGAN HOLDINGS INC' and '(Name of Issuer) SILGAN HOLDINGS INC'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Silgan Holdings Inc. is 827048109, as listed under '(CUSIP Number) 827048109'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding SILGAN HOLDINGS INC (SLGN).