Dimensional Fund Advisors LP boosted its position in Sealed Air Corporation (NYSE:SEE) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 838,679 shares of the industrial products company’s stock after buying an additional 27,757 shares during the period. Dimensional Fund Advisors LP owned 0.43% of Sealed Air Corporation worth $36,548,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock worth $107,000 after buying an additional 25 shares during the period. TrimTabs Asset Management LLC purchased a new position in shares of Sealed Air Corporation during the first quarter worth about $109,000. Global X Management Co. LLC raised its position in shares of 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 worth $129,000 after buying an additional 687 shares during the period. CENTRAL TRUST Co raised its position in shares of 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 worth $167,000 after buying an additional 30 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of 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 worth $173,000 after buying an additional 116 shares during the period. Institutional investors own 92.03% of the company’s stock.
Shares of Sealed Air Corporation (NYSE:SEE) opened at 43.49 on Friday. The firm has a market capitalization of $8.52 billion, a PE ratio of 24.99 and a beta of 1.16. The stock’s 50 day moving average price is $45.15 and its 200-day moving average price is $45.37. Sealed Air Corporation has a 52-week low of $41.74 and a 52-week high of $50.62.
Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Sealed Air Corporation had a return on equity of 85.72% and a net margin of 5.48%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Equities research analysts anticipate that Sealed Air Corporation will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 annualized dividend and a yield of 1.47%. Sealed Air Corporation’s dividend payout ratio is currently 36.99%.
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A number of equities analysts have weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 price objective on shares of Sealed Air Corporation in a research note on Tuesday, April 11th. TheStreet lowered Sealed Air Corporation from a “b” rating to a “c+” rating in a research note on Tuesday, May 9th. Credit Suisse Group set a $50.00 price objective on Sealed Air Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Jefferies Group LLC reduced their price objective on Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, May 10th. Finally, Zacks Investment Research lowered 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.91.
In other news, insider Jerome A. Peribere purchased 6,960 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average cost of $42.97 per share, with a total value of $299,071.20. Following the completion of the acquisition, the insider now directly owns 199,000 shares of the company’s stock, valued at approximately $8,551,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO William G. Stiehl sold 3,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the transaction, the chief accounting officer now directly owns 37,797 shares of the company’s stock, valued at $1,641,523.71. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
Sealed Air Corporation Company Profile
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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