Marshall Wace LLP boosted its position in Sealed Air Corporation (NYSE:SEE) by 282.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,519 shares of the industrial products company’s stock after buying an additional 21,805 shares during the period. Marshall Wace LLP’s holdings in Sealed Air Corporation were worth $1,328,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. DnB Asset Management AS increased its position in Sealed Air Corporation by 21.3% in the first quarter. DnB Asset Management AS now owns 17,079 shares of the industrial products company’s stock worth $744,000 after buying an additional 3,000 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Sealed Air Corporation during the first quarter worth about $199,000. Retirement Systems of Alabama increased its position in Sealed Air Corporation by 2.1% in the first quarter. Retirement Systems of Alabama now owns 93,523 shares of the industrial products company’s stock worth $4,076,000 after buying an additional 1,900 shares in the last quarter. ProShare Advisors LLC increased its position in Sealed Air Corporation by 63.7% in the first quarter. ProShare Advisors LLC now owns 28,551 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 11,114 shares in the last quarter. Finally, Shell Asset Management Co. increased its position in Sealed Air Corporation by 4.7% in the first quarter. Shell Asset Management Co. now owns 13,073 shares of the industrial products company’s stock worth $570,000 after buying an additional 588 shares in the last quarter. 90.70% of the stock is currently owned by hedge funds and other institutional investors.
Sealed Air Corporation (SEE) opened at 44.84 on Tuesday. Sealed Air Corporation has a one year low of $41.74 and a one year high of $50.62. The stock has a market capitalization of $8.52 billion, a P/E ratio of 23.17 and a beta of 1.16. The company has a 50 day moving average of $44.91 and a 200-day moving average of $44.96.
Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $0.65 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Sealed Air Corporation will post $1.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given 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 dividend yield of 1.43%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 33.16%.
A number of equities analysts have issued reports on SEE shares. Zacks Investment Research downgraded shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Bank of America Corporation downgraded shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Tuesday, May 9th. Jefferies Group LLC cut their price objective on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. Royal Bank Of Canada downgraded shares of Sealed Air Corporation from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $52.00 to $44.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $50.00 price objective on shares of Sealed Air Corporation and gave the stock a “buy” rating in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $49.27.
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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