Great West Life Assurance Co. Can lessened its position in Sealed Air Corp (NYSE:SEE) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,444 shares of the industrial products company’s stock after selling 3,098 shares during the quarter. Great West Life Assurance Co. Can owned 0.10% of Sealed Air worth $5,419,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new stake in Sealed Air during the 4th quarter valued at about $32,000. Essex Savings Bank bought a new stake in Sealed Air during the 4th quarter valued at about $35,000. Massey Quick Simon & CO. LLC lifted its holdings in Sealed Air by 50.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,311 shares of the industrial products company’s stock valued at $81,000 after buying an additional 770 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Sealed Air by 67.1% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,500 shares of the industrial products company’s stock valued at $87,000 after buying an additional 1,004 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Sealed Air by 364.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock valued at $111,000 after buying an additional 2,177 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.
NYSE:SEE opened at $45.30 on Friday. Sealed Air Corp has a one year low of $30.22 and a one year high of $46.21. The stock has a market capitalization of $7.05 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.
Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business posted $0.58 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Sealed Air Corp will post 2.72 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. Sealed Air’s dividend payout ratio is currently 25.60%.
In other Sealed Air news, insider Edward L. Doheny II purchased 7,500 shares of Sealed Air stock in a transaction dated Monday, December 17th. The stock was acquired at an average price of $33.75 per share, for a total transaction of $253,125.00. Following the acquisition, the insider now owns 85,645 shares in the company, valued at approximately $2,890,518.75. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harry A. Lawton III purchased 1,000 shares of Sealed Air stock in a transaction dated Tuesday, February 19th. The stock was acquired at an average price of $42.33 per share, with a total value of $42,330.00. Following the acquisition, the director now owns 2,225 shares in the company, valued at approximately $94,184.25. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 13,500 shares of company stock valued at $462,455. Company insiders own 0.63% of the company’s stock.
A number of brokerages recently weighed in on SEE. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a report on Thursday, February 7th. Goldman Sachs Group lowered shares of Sealed Air from a “buy” rating to a “neutral” rating in a report 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 report on Friday, February 8th. TheStreet upgraded shares of Sealed Air from a “d+” rating to a “c+” rating in a report on Thursday, February 7th. Finally, BMO Capital Markets lifted their price objective on shares of Sealed Air from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Sealed Air has a consensus rating of “Hold” and an average target price of $43.40.
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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