Gotham Asset Management LLC Lowers Position in Sealed Air Corporation (SEE)

Gotham Asset Management LLC trimmed its holdings in Sealed Air Corporation (NYSE:SEE) by 82.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,499 shares of the industrial products company’s stock after selling 158,914 shares during the period. Gotham Asset Management LLC’s holdings in Sealed Air Corporation were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co. purchased a new position in Sealed Air Corporation in the 2nd quarter valued at approximately $124,000. Global X Management Co. LLC grew its stake in Sealed Air Corporation by 30.4% in the 1st quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares in the last quarter. Pacer Advisors Inc. grew its stake in Sealed Air Corporation by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock valued at $193,000 after buying an additional 322 shares in the last quarter. FNY Partners Fund LP purchased a new position in Sealed Air Corporation in the 1st quarter valued at approximately $196,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Sealed Air Corporation in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Sealed Air Corporation (SEE) opened at 44.55 on Monday. The stock’s 50 day moving average is $43.50 and its 200-day moving average is $44.19. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 23.02 and a beta of 1.17. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Equities research analysts anticipate that Sealed Air Corporation will post $1.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 33.16%.

In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the sale, the director now directly owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.05% of the company’s stock.

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A number of research firms recently weighed in on SEE. BidaskClub upgraded shares of Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Bank of America Corporation set a $50.00 price objective on shares of Sealed Air Corporation and gave the company a “buy” rating in a research note on Friday. Robert W. Baird reiterated a “buy” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a research note on Friday, August 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Sealed Air Corporation in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.50.

Sealed Air Corporation Profile

Sealed Air Corporation is engaged in

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co. purchased a new position in Sealed Air Corporation in the 2nd quarter valued at approximately $124,000. Global X Management Co. LLC grew its stake in Sealed Air Corporation by 30.4% in the 1st quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares in the last quarter. Pacer Advisors Inc. grew its stake in Sealed Air Corporation by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock valued at $193,000 after buying an additional 322 shares in the last quarter. FNY Partners Fund LP purchased a new position in Sealed Air Corporation in the 1st quarter valued at approximately $196,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Sealed Air Corporation in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Sealed Air Corporation (SEE) opened at 44.55 on Monday. The stock’s 50 day moving average is $43.50 and its 200-day moving average is $44.19. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 23.02 and a beta of 1.17. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Equities research analysts anticipate that Sealed Air Corporation will post $1.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 33.16%.

In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the sale, the director now directly owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.05% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/16/gotham-asset-management-llc-lowers-position-in-sealed-air-corporation-see.html.

A number of research firms recently weighed in on SEE. BidaskClub upgraded shares of Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Bank of America Corporation set a $50.00 price objective on shares of Sealed Air Corporation and gave the company a “buy” rating in a research note on Friday. Robert W. Baird reiterated a “buy” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a research note on Friday, August 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Sealed Air Corporation in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.50.

Sealed Air Corporation Profile

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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Institutional Ownership by Quarter for Sealed Air Corporation (NYSE:SEE)

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