KBC Group NV lifted its holdings in Sealed Air Corp (NYSE:SEE) by 231.2% in the 4th quarter, Holdings Channel reports. The firm owned 89,560 shares of the industrial products company’s stock after acquiring an additional 62,517 shares during the period. KBC Group NV’s holdings in Sealed Air were worth $4,415,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Sealed Air by 10.8% in the second quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 769 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sealed Air by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock worth $38,442,000 after purchasing an additional 20,144 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of Sealed Air by 2.8% in the third quarter. AMP Capital Investors Ltd now owns 59,597 shares of the industrial products company’s stock worth $2,546,000 after purchasing an additional 1,600 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Sealed Air by 13.0% in the second quarter. The Manufacturers Life Insurance Company now owns 220,498 shares of the industrial products company’s stock worth $9,870,000 after purchasing an additional 25,389 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Sealed Air by 647.4% in the third quarter. Macquarie Group Ltd. now owns 29,439 shares of the industrial products company’s stock worth $1,258,000 after purchasing an additional 25,500 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Several research analysts have recently weighed in on SEE shares. TheStreet upgraded Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. KeyCorp restated a “hold” rating on shares of Sealed Air in a research note on Friday, February 9th. Vertical Research upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup decreased their price target on Sealed Air from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, SunTrust Banks restated a “buy” rating and issued a $49.00 price target on shares of Sealed Air in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.31.
Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. Sealed Air’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. equities analysts forecast that Sealed Air Corp will post 2.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, March 1st. Sealed Air’s dividend payout ratio (DPR) is presently 193.94%.
In related news, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now owns 34,797 shares in the company, valued at $1,704,357.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.05% of the stock is currently owned by corporate insiders.
Sealed Air 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 (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.
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