Aperio Group LLC trimmed its stake in Sealed Air Corp (NYSE:SEE) by 7.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,764 shares of the industrial products company’s stock after selling 3,680 shares during the quarter. Aperio Group LLC’s holdings in Sealed Air were worth $1,958,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Sealed Air by 71.8% in the first quarter. LPL Financial LLC now owns 10,508 shares of the industrial products company’s stock worth $450,000 after buying an additional 4,391 shares in the last quarter. Principal Financial Group Inc. raised its stake in Sealed Air by 5.1% during the first quarter. Principal Financial Group Inc. now owns 396,802 shares of the industrial products company’s stock valued at $16,980,000 after purchasing an additional 19,220 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Sealed Air by 31.7% during the second quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 1,916 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Sealed Air by 10.2% during the second quarter. State of Alaska Department of Revenue now owns 44,377 shares of the industrial products company’s stock valued at $1,882,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in Sealed Air by 9.8% during the second quarter. Xact Kapitalforvaltning AB now owns 32,429 shares of the industrial products company’s stock valued at $1,377,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.
SEE stock opened at $35.10 on Friday. Sealed Air Corp has a twelve month low of $30.22 and a twelve month high of $49.94. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.20 and a beta of 1.24.
Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Sealed Air Corp will post 2.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, December 6th. Sealed Air’s dividend payout ratio (DPR) is 35.36%.
SEE has been the topic of a number of recent research reports. Citigroup decreased their price target on shares of Sealed Air from $47.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, October 11th. UBS Group set a $45.00 price target on shares of Sealed Air and gave the company a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. ValuEngine cut shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, Robert W. Baird cut their price objective on shares of Sealed Air from $55.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Sealed Air has a consensus rating of “Hold” and a consensus price target of $45.40.
In related news, Director Jerry R. Whitaker purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were purchased at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the acquisition, the director now owns 8,021 shares in the company, valued at approximately $319,316.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward L. Doheny II purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $39.65 per share, for a total transaction of $198,250.00. Following the completion of the acquisition, the insider now owns 78,145 shares of the company’s stock, valued at approximately $3,098,449.25. The disclosure for this purchase can be found here. Insiders own 0.63% 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. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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