Caisse DE Depot ET Placement DU Quebec lifted its stake in Sealed Air Corp (NYSE:SEE) by 183.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,544 shares of the industrial products company’s stock after buying an additional 23,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Sealed Air were worth $1,752,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. MML Investors Services LLC purchased a new position in shares of Sealed Air in the fourth quarter worth $232,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Sealed Air by 174.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,962,533 shares of the industrial products company’s stock worth $146,053,000 after buying an additional 1,884,070 shares in the last quarter. AXA purchased a new position in shares of Sealed Air in the fourth quarter worth $18,018,000. WINTON GROUP Ltd raised its stake in Sealed Air by 533.3% during the fourth quarter. WINTON GROUP Ltd now owns 73,888 shares of the industrial products company’s stock valued at $3,643,000 after purchasing an additional 62,221 shares in the last quarter. Finally, Impax Asset Management LTD raised its stake in Sealed Air by 5.2% during the fourth quarter. Impax Asset Management LTD now owns 2,201,943 shares of the industrial products company’s stock valued at $108,556,000 after purchasing an additional 108,267 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.
Sealed Air Corp (NYSE:SEE) opened at $44.05 on Friday. The company has a debt-to-equity ratio of 21.21, a quick ratio of 0.99 and a current ratio of 1.35. Sealed Air Corp has a 1 year low of $40.76 and a 1 year high of $49.94. The firm has a market cap of $7,940.00, a price-to-earnings ratio of 80.09, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19.
Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. equities research analysts expect that Sealed Air Corp will post 2.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, March 1st. Sealed Air’s dividend payout ratio (DPR) is 116.36%.
A number of equities research analysts recently issued reports on SEE shares. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research note on Friday, February 9th. Vertical Research raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup decreased their price target on shares of Sealed Air from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $49.00 price target on shares of Sealed Air in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.31.
About Sealed Air
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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