Sei Investments Co. boosted its position in Sealed Air Corporation (NYSE:SEE) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,862 shares of the industrial products company’s stock after buying an additional 1,219 shares during the period. Sei Investments Co. owned 0.17% of Sealed Air Corporation worth $14,943,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in SEE. Quadrature Capital Ltd purchased a new stake in shares of Sealed Air Corporation during the fourth quarter worth about $431,000. Kentucky Retirement Systems bought a new stake in Sealed Air Corporation during the fourth quarter valued at $636,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Sealed Air Corporation during the fourth quarter valued at $284,000. Chevy Chase Trust Holdings Inc. increased its stake in Sealed Air Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 168,060 shares of the industrial products company’s stock valued at $7,324,000 after buying an additional 5,123 shares during the period. Finally, CENTRAL TRUST Co boosted its position in shares of Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.70% of the company’s stock.
Shares of Sealed Air Corporation (NYSE:SEE) traded up 0.04% during midday trading on Friday, reaching $44.96. 1,816,003 shares of the company traded hands. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62. The company has a 50 day moving average of $44.91 and a 200 day moving average of $45.05. The firm has a market capitalization of $8.54 billion, a P/E ratio of 23.24 and a beta of 1.16.
Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $0.65 earnings per share. Sealed Air Corporation’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Sealed Air Corporation will post $1.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. Sealed Air Corporation’s dividend payout ratio (DPR) is 33.16%.
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Several equities analysts have commented on the stock. UBS AG set a $49.00 price target on shares of Sealed Air Corporation and gave the company a “buy” rating in a research report on Wednesday, May 10th. BidaskClub raised shares of Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. BMO Capital Markets reissued a “hold” rating and issued a $45.00 price target on shares of Sealed Air Corporation in a research report on Friday, June 9th. Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price target on shares of Sealed Air Corporation in a research report on Friday, August 11th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Sealed Air Corporation presently has a consensus rating of “Hold” and a consensus target price of $49.27.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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