Sealed Air Corp (SEE) Shares Sold by BB&T Corp

BB&T Corp cut its holdings in Sealed Air Corp (NYSE:SEE) by 33.4% during the fourth quarter, HoldingsChannel reports. The firm owned 5,023 shares of the industrial products company’s stock after selling 2,519 shares during the quarter. BB&T Corp’s holdings in Sealed Air were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Massey Quick Simon & CO. LLC purchased a new stake in shares of Sealed Air during the 3rd quarter worth approximately $140,000. MHI Funds LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth approximately $216,000. Karpas Strategies LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth approximately $227,000. Ameritas Investment Partners Inc. raised its holdings in shares of Sealed Air by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 70 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Sealed Air during the 3rd quarter worth approximately $242,000. 93.43% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on SEE. SunTrust Banks cut Sealed Air from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $50.00 price objective on shares of Sealed Air in a report on Thursday, January 25th. Zacks Investment Research raised Sealed Air from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Vertical Research cut Sealed Air from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Barclays raised Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $46.00 to $53.00 in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Sealed Air has a consensus rating of “Hold” and an average target price of $49.67.

Shares of Sealed Air Corp (SEE) opened at $44.36 on Thursday. Sealed Air Corp has a twelve month low of $41.22 and a twelve month high of $50.62. The firm has a market capitalization of $8,110.00, a price-to-earnings ratio of 42.65, a P/E/G ratio of 4.63 and a beta of 1.12. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air 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 analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Sealed Air’s quarterly revenue was up 6.2% compared to the same quarter last year. equities analysts forecast that Sealed Air Corp will post 1.8 earnings per share for the current fiscal year.

In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the completion of the transaction, the chief financial officer now directly owns 34,797 shares in the company, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/02/08/sealed-air-corp-see-shares-sold-by-bbt-corp.html.

Sealed Air 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.

Want to see what other hedge funds are holding SEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sealed Air Corp (NYSE:SEE).

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

Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit