Ossiam acquired a new stake in Sealed Air Corp (NYSE:SEE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,476 shares of the industrial products company’s stock, valued at approximately $705,000.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Sealed Air by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,072,521 shares of the industrial products company’s stock valued at $37,364,000 after purchasing an additional 82,856 shares in the last quarter. Geode Capital Management LLC raised its stake in Sealed Air by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 2,113,877 shares of the industrial products company’s stock worth $73,522,000 after purchasing an additional 136,235 shares during the period. Bank of Montreal Can boosted its holdings in Sealed Air by 46.4% in the 1st quarter. Bank of Montreal Can now owns 91,076 shares of the industrial products company’s stock valued at $4,197,000 after purchasing an additional 28,880 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Sealed Air by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 169,888 shares of the industrial products company’s stock valued at $7,827,000 after purchasing an additional 4,569 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Sealed Air by 2.9% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 14,829 shares of the industrial products company’s stock valued at $683,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.
SEE has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Wells Fargo & Co increased their price objective on Sealed Air from $42.00 to $43.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. KeyCorp reiterated a “sell” rating and issued a $39.00 price objective on shares of Sealed Air in a research report on Friday, August 2nd. Finally, Bank of America downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $41.63 target price on the stock. in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.69.
NYSE SEE traded down $1.05 during trading on Wednesday, hitting $41.37. The stock had a trading volume of 57,499 shares, compared to its average volume of 1,447,705. The company has a market capitalization of $6.22 billion, a PE ratio of 16.56, a PEG ratio of 1.42 and a beta of 1.08. The firm has a 50 day moving average price of $42.25 and a 200 day moving average price of $43.68. Sealed Air Corp has a twelve month low of $30.22 and a twelve month high of $47.13.
Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.16. Sealed Air had a net margin of 7.84% and a negative return on equity of 121.14%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that Sealed Air Corp will post 2.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, September 5th. Sealed Air’s payout ratio is currently 25.60%.
Sealed Air Company Profile
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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