Sealed Air Corporation (SEE) Shares Bought by Trillium Asset Management LLC
Trillium Asset Management LLC boosted its stake in Sealed Air Corporation (NYSE:SEE) by 3.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 205,262 shares of the industrial products company’s stock after buying an additional 7,425 shares during the period. Trillium Asset Management LLC’s holdings in Sealed Air Corporation were worth $9,187,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SEE. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Sealed Air Corporation by 10.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,673 shares of the industrial products company’s stock valued at $726,000 after buying an additional 1,568 shares during the period. Virtu Financial LLC bought a new stake in shares of Sealed Air Corporation during the first quarter valued at $213,000. Conning Inc. raised its stake in shares of Sealed Air Corporation by 1.5% in the first quarter. Conning Inc. now owns 4,754 shares of the industrial products company’s stock valued at $207,000 after buying an additional 70 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of 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 valued at $570,000 after buying an additional 588 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of 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 valued at $1,244,000 after buying an additional 11,114 shares in the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.
Sealed Air Corporation (NYSE SEE) opened at 45.00 on Tuesday. Sealed Air Corporation has a one year low of $41.74 and a one year high of $50.62. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 23.26 and a beta of 1.16. The stock’s 50 day moving average price is $44.92 and its 200-day moving average price is $45.10.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. Sealed Air Corporation’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. On average, equities research analysts anticipate that Sealed Air Corporation will post $1.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is currently 33.16%.
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Several brokerages have weighed in on SEE. Bank of America Corporation lowered Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Tuesday, May 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 target price on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Zacks Investment Research lowered Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub lowered Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Sealed Air Corporation presently has a consensus rating of “Hold” and an average price target of $49.27.
In other Sealed Air Corporation news, CAO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $43.43, for a total value of $130,290.00. Following the transaction, the chief accounting officer now owns 37,797 shares of the company’s stock, valued at $1,641,523.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.
About Sealed Air Corporation
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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