Sealed Air Corporation (NYSE:SEE) CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the transaction, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sealed Air Corporation (SEE) traded up $0.28 on Wednesday, reaching $49.66. 2,612,400 shares of the company were exchanged, compared to its average volume of 2,206,026. The firm has a market capitalization of $8,960.00, a price-to-earnings ratio of 24.69, a PEG ratio of 6.84 and a beta of 1.23. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. Sealed Air’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. equities analysts anticipate that Sealed Air Corporation will post 1.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.16 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. Sealed Air’s payout ratio is presently 61.54%.

A number of research firms have recently commented on SEE. Vertical Research cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $53.00 in a research note on Friday, December 15th. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and set a $49.00 target price on shares of Sealed Air in a research note on Friday, November 17th. Finally, BMO Capital Markets reissued a “hold” rating and set a $47.00 target price on shares of Sealed Air in a research note on Sunday, August 27th. One research analyst has 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 currently has a consensus rating of “Hold” and an average price target of $49.42.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fiduciary Trust Co. acquired a new position in Sealed Air during the second quarter worth about $124,000. Massey Quick Simon & CO. LLC acquired a new position in Sealed Air during the third quarter worth about $140,000. Global X Management Co. LLC boosted its position in Sealed Air by 23.7% during the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 699 shares during the last quarter. Pacer Advisors Inc. boosted its position in Sealed Air by 8.1% during the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 322 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new position in Sealed Air during the second quarter worth about $205,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.

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About Sealed Air

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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