Sealed Air Corp (SEE) Shares Bought by Captrust Financial Advisors
Captrust Financial Advisors increased its stake in shares of Sealed Air Corp (NYSE:SEE) by 59.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,434 shares of the industrial products company’s stock after acquiring an additional 1,659 shares during the quarter. Captrust Financial Advisors’ holdings in Sealed Air were worth $154,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Doyle Wealth Management bought a new position in Sealed Air during the fourth quarter worth $32,000. Essex Savings Bank bought a new position in Sealed Air during the fourth quarter worth $35,000. Resources Investment Advisors Inc. bought a new position in Sealed Air during the fourth quarter worth $42,000. Massey Quick Simon & CO. LLC boosted its stake in Sealed Air by 50.0% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 2,311 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 770 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Sealed Air by 67.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 2,500 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 1,004 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on SEE. Zacks Investment Research lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Royal Bank of Canada increased their target price on shares of Sealed Air to $43.00 and gave the stock a “sector perform” rating in a research note on Friday, February 15th. BMO Capital Markets raised their price objective on shares of Sealed Air from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. TheStreet raised shares of Sealed Air from a “d+” rating to a “c+” rating in a research note on Thursday, February 7th. Finally, Robert W. Baird raised their price objective on shares of Sealed Air from $41.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $43.40.
Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, February 7th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. On average, equities research analysts anticipate that Sealed Air Corp will post 2.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a $0.16 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. Sealed Air’s dividend payout ratio is currently 25.60%.
In other news, insider Edward L. Doheny II bought 7,500 shares of the stock in a transaction dated Monday, December 17th. The stock was bought at an average price of $33.75 per share, for a total transaction of $253,125.00. Following the completion of the acquisition, the insider now directly owns 85,645 shares in the company, valued at approximately $2,890,518.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emile Z. Chammas bought 5,000 shares of the stock in a transaction dated Monday, December 17th. The stock was purchased at an average price of $33.40 per share, with a total value of $167,000.00. Following the acquisition, the senior vice president now owns 169,509 shares of the company’s stock, valued at $5,661,600.60. The disclosure for this purchase can be found here. In the last quarter, insiders bought 13,500 shares of company stock valued at $462,455. 0.63% of the stock is currently owned by corporate insiders.
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Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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