Atlantic Trust Group LLC lifted its position in Sealed Air Corporation (NYSE:SEE) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,029 shares of the industrial products company’s stock after purchasing an additional 826 shares during the quarter. Atlantic Trust Group LLC’s holdings in Sealed Air Corporation were worth $897,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. raised its stake 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 valued at $107,000 after purchasing an additional 25 shares in the last quarter. TrimTabs Asset Management LLC acquired a new position in shares of Sealed Air Corporation in the first quarter valued at $109,000. Global X Management Co. LLC raised its stake 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 valued at $129,000 after purchasing an additional 687 shares in the last quarter. Pacer Advisors Inc. raised its stake 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 valued at $173,000 after purchasing an additional 116 shares in the last quarter. Finally, Sphera Funds Management LTD. raised its stake in shares of Sealed Air Corporation by 28.6% in the first quarter. Sphera Funds Management LTD. now owns 4,500 shares of the industrial products company’s stock valued at $196,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.
Sealed Air Corporation (NYSE SEE) opened at 43.61 on Tuesday. Sealed Air Corporation has a 1-year low of $41.74 and a 1-year high of $50.62. The firm’s 50-day moving average price is $44.42 and its 200 day moving average price is $44.57. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 22.54 and a beta of 1.19.
Sealed Air Corporation (NYSE:SEE) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, analysts predict that Sealed Air Corporation will post $1.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.47%. Sealed Air Corporation’s payout ratio is 33.16%.
A number of research analysts recently commented on the company. SunTrust Banks, Inc. set a $48.00 target price on Sealed Air Corporation and gave the company a “buy” rating in a research note on Sunday. Citigroup Inc. lowered Sealed Air Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $52.00 to $47.00 in a research note on Thursday, September 7th. Robert W. Baird restated a “buy” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a research note on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $47.00 target price on shares of Sealed Air Corporation in a research note on Sunday, August 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $44.00 target price on shares of Sealed Air Corporation in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.50.
Sealed Air Corporation 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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