Tocqueville Asset Management L.P. grew its holdings in shares of Sealed Air Corp (NYSE:SEE) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,856 shares of the industrial products company’s stock after purchasing an additional 5,180 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Sealed Air were worth $1,324,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Silchester International Investors LLP bought a new position in Sealed Air during the fourth quarter worth about $775,000. Caisse DE Depot ET Placement DU Quebec boosted its position in Sealed Air by 183.4% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 35,544 shares of the industrial products company’s stock worth $1,752,000 after purchasing an additional 23,000 shares during the period. MML Investors Services LLC bought a new position in Sealed Air during the fourth quarter worth about $232,000. Amundi Pioneer Asset Management Inc. boosted its position in Sealed Air by 174.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,962,533 shares of the industrial products company’s stock worth $146,053,000 after purchasing an additional 1,884,070 shares during the period. Finally, AXA bought a new position in shares of Sealed Air in the fourth quarter valued at approximately $18,018,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.
In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now directly owns 34,797 shares in the company, valued at $1,704,357.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.05% of the company’s stock.
Shares of Sealed Air Corp (NYSE:SEE) opened at $44.65 on Monday. Sealed Air Corp has a 1 year low of $40.76 and a 1 year high of $49.94. The stock has a market cap of $7,473.29, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.19. The company has a debt-to-equity ratio of 21.21, a quick ratio of 0.99 and a current ratio of 1.35.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.50 earnings per share. Sealed Air’s revenue for the quarter was up 11.5% on a year-over-year basis. equities research analysts anticipate that Sealed Air Corp will post 2.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.64 annualized dividend and a yield of 1.43%. Sealed Air’s payout ratio is presently 15.27%.
About Sealed Air
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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