AMP Capital Investors Ltd lessened its stake in Sealed Air Corp (NYSE:SEE) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,797 shares of the industrial products company’s stock after selling 1,800 shares during the period. AMP Capital Investors Ltd’s holdings in Sealed Air were worth $2,849,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Sealed Air in the 4th quarter valued at about $171,000. Beck Mack & Oliver LLC bought a new stake in shares of Sealed Air in the 4th quarter valued at about $207,000. King Luther Capital Management Corp bought a new stake in shares of Sealed Air in the 4th quarter valued at about $211,000. MHI Funds LLC bought a new stake in shares of Sealed Air in the 4th quarter valued at about $216,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Sealed Air in the 4th quarter valued at about $222,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.
Sealed Air stock opened at $42.91 on Thursday. Sealed Air Corp has a 52 week low of $40.76 and a 52 week high of $49.94. The company has a debt-to-equity ratio of 21.21, a quick ratio of 0.99 and a current ratio of 1.35. The firm has a market capitalization of $7,331.02, a P/E ratio of 10.24, a P/E/G ratio of 1.66 and a beta of 1.19.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 2nd were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, March 1st. Sealed Air’s dividend payout ratio (DPR) is currently 15.27%.
A number of research firms have commented on SEE. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research report on Friday, February 9th. Vertical Research raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup dropped their price objective on Sealed Air from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. JPMorgan Chase & Co. dropped their price objective on Sealed Air from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, February 12th. Finally, SunTrust Banks downgraded Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Sealed Air has an average rating of “Hold” and an average target price of $50.31.
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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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