A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ontario Teachers Pension Plan Board purchased a new position in Sealed Air in the fourth quarter worth about $301,000. AlphaCrest Capital Management LLC bought a new stake in shares of Sealed Air in the fourth quarter worth approximately $404,000. Bank of Nova Scotia grew its stake in shares of Sealed Air by 5.5% in the fourth quarter. Bank of Nova Scotia now owns 29,504 shares of the industrial products company’s stock worth $1,027,000 after acquiring an additional 1,532 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Sealed Air by 703.0% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 248,181 shares of the industrial products company’s stock worth $8,647,000 after acquiring an additional 217,274 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Sealed Air by 5.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,224,462 shares of the industrial products company’s stock worth $112,339,000 after acquiring an additional 156,104 shares during the period. 92.59% of the stock is owned by institutional investors.
Advisor Group Inc. boosted its holdings in shares of Sealed Air Corp (NYSE:SEE) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,892 shares of the industrial products company’s stock after acquiring an additional 3,309 shares during the period. Advisor Group Inc.’s holdings in Sealed Air were worth $1,181,000 at the end of the most recent reporting period.
A number of analysts have recently commented on the stock. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research note on Thursday, February 7th. Goldman Sachs Group lowered shares of Sealed Air from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. They noted that the move was a valuation call. Vertical Research lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. TheStreet upgraded shares of Sealed Air from a “d+” rating to a “c+” rating in a research note on Thursday, February 7th. Finally, BMO Capital Markets lifted their price target on shares of Sealed Air from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.40.
In other news, SVP Emile Z. Chammas purchased 5,000 shares of the company’s stock in a transaction on Monday, December 17th. The stock was acquired at an average cost of $33.40 per share, for a total transaction of $167,000.00. Following the completion of the transaction, the senior vice president now directly owns 169,509 shares in the company, valued at approximately $5,661,600.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward L. Doheny II purchased 7,500 shares of the company’s stock in a transaction on Monday, December 17th. The stock was purchased at an average price of $33.75 per share, with a total value of $253,125.00. Following the completion of the transaction, the insider now owns 85,645 shares of the company’s stock, valued at $2,890,518.75. The disclosure for this purchase can be found here. Insiders have purchased 13,500 shares of company stock valued at $462,455 over the last 90 days. 0.63% of the stock is currently owned by company insiders.
Shares of NYSE SEE opened at $45.29 on Thursday. The company has a market cap of $6.98 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. Sealed Air Corp has a 12-month low of $30.22 and a 12-month high of $46.21.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, February 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 earnings per share. On average, equities analysts predict that Sealed Air Corp will post 2.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 1.41%. Sealed Air’s dividend payout ratio (DPR) is 25.60%.
Sealed Air 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.
Featured Story: Stock Symbol
Want to see what other hedge funds are holding SEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sealed Air Corp (NYSE:SEE).