Quantitative Systematic Strategies LLC acquired a new stake in shares of Sealed Air Corporation (NYSE:SEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,482 shares of the industrial products company’s stock, valued at approximately $201,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its position in Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in Sealed Air Corporation during the first quarter valued at approximately $109,000. Global X Management Co. LLC raised its position in Sealed Air Corporation by 30.4% in the first 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 during the last quarter. CENTRAL TRUST Co raised its position in Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Sealed Air Corporation by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after buying an additional 116 shares during the last quarter. 90.70% of the stock is owned by institutional investors and hedge funds.
Sealed Air Corporation (NYSE:SEE) traded up 0.04% during mid-day trading on Friday, reaching $44.96. 1,816,003 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $44.91 and its 200-day moving average price is $45.05. Sealed Air Corporation has a 52 week low of $41.74 and a 52 week high of $50.62. The company has a market capitalization of $8.54 billion, a P/E ratio of 23.24 and a beta of 1.16.
Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. Sealed Air Corporation’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. On average, equities research analysts expect that Sealed Air Corporation will post $1.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is 33.16%.
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A number of research analysts recently issued reports on the stock. UBS AG set a $49.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Credit Suisse Group set a $50.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research note on Thursday, May 11th. BidaskClub upgraded shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. TheStreet downgraded shares of Sealed Air Corporation from a “b” rating to a “c+” rating in a research note on Tuesday, May 9th. Finally, Zacks Investment Research downgraded shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Sealed Air Corporation presently has an average rating of “Hold” and a consensus price target of $49.27.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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