CSat Investment Advisory L.P. boosted its stake in Sealed Air Corp (NYSE:SEE) by 70.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,376 shares of the industrial products company’s stock after acquiring an additional 570 shares during the period. CSat Investment Advisory L.P.’s holdings in Sealed Air were worth $48,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in Sealed Air by 121.3% during the fourth quarter. Jane Street Group LLC now owns 45,249 shares of the industrial products company’s stock valued at $1,576,000 after purchasing an additional 24,799 shares during the last quarter. Cipher Capital LP increased its stake in Sealed Air by 83.8% during the fourth quarter. Cipher Capital LP now owns 43,218 shares of the industrial products company’s stock valued at $1,505,000 after purchasing an additional 19,707 shares during the last quarter. One Fin Capital Management LP bought a new position in shares of Sealed Air during the fourth quarter worth about $8,716,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Sealed Air during the fourth quarter worth about $171,000. Finally, Impax Asset Management Group plc grew its position in shares of Sealed Air by 6.5% during the fourth quarter. Impax Asset Management Group plc now owns 3,341,807 shares of the industrial products company’s stock worth $116,429,000 after acquiring an additional 203,215 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.
Several research firms have recently commented on SEE. Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. TheStreet upgraded shares of Sealed Air from a “d+” rating to a “c+” rating in a research report on Thursday, February 7th. ValuEngine upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. KeyCorp restated a “hold” rating on shares of Sealed Air in a research report on Thursday, February 7th. Finally, Vertical Research lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Sealed Air has an average rating of “Hold” and an average price target of $43.40.
Sealed Air stock opened at $45.04 on Friday. The stock has a market cap of $7.01 billion, a PE ratio of 18.02, a PEG ratio of 1.88 and a beta of 1.14. Sealed Air Corp has a one year low of $30.22 and a one year high of $46.21.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, February 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. Sealed Air’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, research analysts expect that Sealed Air Corp will post 2.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. Sealed Air’s dividend payout ratio is presently 25.60%.
In related news, Director Harry A. Lawton III bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average price of $42.33 per share, for a total transaction of $42,330.00. Following the transaction, the director now directly owns 2,225 shares of the company’s stock, valued at approximately $94,184.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.63% of the company’s stock.
About Sealed Air
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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