Sealed Air Corp (NYSE:SEE) CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Sealed Air Corp (NYSE:SEE) traded up $0.21 on Friday, hitting $48.86. The stock had a trading volume of 2,100,967 shares, compared to its average volume of 2,013,126. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The stock has a market cap of $8,775.80, a PE ratio of 9.31, a PEG ratio of 5.09 and a beta of 1.24. Sealed Air Corp has a fifty-two week low of $41.22 and a fifty-two week high of $50.62.
Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. research analysts forecast that Sealed Air Corp will post 1.8 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Barclays reissued an “equal weight” rating and set a $45.00 price objective on shares of Sealed Air in a research report on Tuesday, September 19th. Bank of America raised Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, September 21st. Zacks Investment Research downgraded Sealed Air from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks reissued a “buy” rating and set a $48.00 price objective on shares of Sealed Air in a research report on Friday, November 10th. Finally, Vertical Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.42.
Several institutional investors and hedge funds have recently made changes to their positions in SEE. Janus Henderson Group PLC boosted its stake in shares of Sealed Air by 46,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after buying an additional 10,577,290 shares during the period. Ameriprise Financial Inc. lifted its stake in Sealed Air by 199.6% during the second quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after purchasing an additional 3,059,792 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Sealed Air by 245.4% during the second quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock worth $187,604,000 after purchasing an additional 2,977,854 shares during the last quarter. Eaton Vance Management lifted its stake in Sealed Air by 150.1% during the second quarter. Eaton Vance Management now owns 2,624,092 shares of the industrial products company’s stock worth $117,454,000 after purchasing an additional 1,575,006 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Sealed Air by 50.4% during the second quarter. Neuberger Berman Group LLC now owns 3,966,506 shares of the industrial products company’s stock worth $177,541,000 after purchasing an additional 1,329,201 shares during the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.
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Sealed Air Company 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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