Advisor Partners LLC purchased a new position in shares of Sealed Air Corp (NYSE:SEE) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,626 shares of the industrial products company’s stock, valued at approximately $213,000.
Several other hedge funds have also recently bought and sold shares of the company. Doyle Wealth Management bought a new stake in Sealed Air in the fourth quarter worth $32,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Sealed Air by 95.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 969 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 472 shares in the last quarter. Essex Savings Bank purchased a new position in shares of Sealed Air in the fourth quarter worth $35,000. Resources Investment Advisors Inc. purchased a new position in shares of Sealed Air in the fourth quarter worth $42,000. Finally, CSat Investment Advisory L.P. raised its stake in shares of Sealed Air by 70.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,376 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 99.33% of the company’s stock.
Several research analysts have recently weighed in on the company. TheStreet upgraded Sealed Air from a “d+” rating to a “c+” rating in a research note on Thursday, February 7th. KeyCorp restated a “hold” rating on shares of Sealed Air in a research note on Thursday, February 7th. Vertical Research cut Sealed Air from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Zacks Investment Research cut Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Finally, Robert W. Baird upped their price objective on Sealed Air from $41.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Sealed Air presently has an average rating of “Hold” and an average target price of $43.00.
NYSE:SEE traded down $0.47 during mid-day trading on Wednesday, hitting $41.27. 1,163,055 shares of the company traded hands, compared to its average volume of 1,561,294. Sealed Air Corp has a one year low of $30.22 and a one year high of $47.13. The firm has a market capitalization of $6.49 billion, a PE ratio of 16.51, a P/E/G ratio of 1.71 and a beta of 1.13.
Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Sealed Air had a negative return on equity of 112.27% and a net margin of 9.57%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Sealed Air’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Sealed Air Corp will post 2.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, June 6th. Sealed Air’s dividend payout ratio (DPR) is 25.60%.
In other Sealed Air news, CEO Edward L. Doheny II acquired 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $45.00 per share, with a total value of $225,000.00. Following the completion of the purchase, the chief executive officer now directly owns 167,246 shares in the company, valued at approximately $7,526,070. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
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Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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