Fox Run Management L.L.C. purchased a new stake in Sealed Air Corporation (NYSE:SEE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,900 shares of the industrial products company’s stock, valued at approximately $295,000.
Several other hedge funds have also recently bought and sold shares of SEE. HighTower Advisors LLC lifted its position in Sealed Air Corporation by 10.8% during the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock worth $351,000 after acquiring an additional 769 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sealed Air Corporation by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock worth $38,442,000 after buying an additional 20,144 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Sealed Air Corporation by 5.6% during the 2nd quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock worth $42,485,000 after buying an additional 50,305 shares in the last quarter. Morgan Stanley raised its stake in shares of Sealed Air Corporation by 47.7% during the 1st quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock worth $24,896,000 after buying an additional 184,503 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Sealed Air Corporation by 20.4% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock worth $2,259,000 after buying an additional 8,547 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.
In related news, Director Lawrence R. Codey sold 3,500 shares of the company’s 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 in the company, valued at $1,638,303.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.05% of the company’s stock.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised Sealed Air Corporation from a “sell” rating to a “hold” rating in a research note on Monday. SunTrust Banks, Inc. reissued a “buy” rating and set a $48.00 price target on shares of Sealed Air Corporation in a research report on Friday. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a research report on Thursday. Barclays PLC raised their price objective on Sealed Air Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Bank of America Corporation set a $50.00 target price on Sealed Air Corporation and gave the company a “buy” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.75.
Shares of Sealed Air Corporation (NYSE:SEE) traded down $0.42 during midday trading on Monday, hitting $44.35. The stock had a trading volume of 2,340,500 shares, compared to its average volume of 2,168,431. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market capitalization of $10,200.34, a P/E ratio of 22.17, a PEG ratio of 6.17 and a beta of 1.21. Sealed Air Corporation has a fifty-two week low of $41.22 and a fifty-two week high of $50.62.
Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. equities research analysts forecast that Sealed Air Corporation will post 1.8 earnings per share for the current year.
The business also recently declared 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 12.19%.
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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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