Texas Permanent School Fund cut its stake in Sealed Air Corporation (NYSE:SEE) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,019 shares of the industrial products company’s stock after selling 1,513 shares during the period. Texas Permanent School Fund’s holdings in Sealed Air Corporation were worth $2,463,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SEE. Busey Trust CO boosted its stake in Sealed Air Corporation by 2.0% in the second quarter. Busey Trust CO now owns 72,645 shares of the industrial products company’s stock valued at $3,251,000 after buying an additional 1,399 shares during the last quarter. Sasco Capital Inc. CT boosted its stake in Sealed Air Corporation by 11.5% in the second quarter. Sasco Capital Inc. CT now owns 2,876,927 shares of the industrial products company’s stock valued at $128,771,000 after buying an additional 297,560 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Sealed Air Corporation by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 6,462 shares of the industrial products company’s stock valued at $289,000 after buying an additional 228 shares during the last quarter. NGAM Advisors L.P. boosted its stake in Sealed Air Corporation by 18.3% in the second quarter. NGAM Advisors L.P. now owns 23,591 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 3,642 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Sealed Air Corporation by 270.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 23,280 shares of the industrial products company’s stock valued at $1,042,000 after buying an additional 17,000 shares during the last quarter. Institutional investors own 91.94% of the company’s stock.

Sealed Air Corporation (NYSE:SEE) opened at 44.85 on Thursday. 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 $8.78 billion, a PE ratio of 25.78 and a beta of 1.16. The stock’s 50 day moving average price is $44.97 and its 200 day moving average price is $45.23.

Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Sealed Air Corporation will post $1.79 EPS for the current year.

The company also recently announced 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 dividend on an annualized basis and a yield of 1.43%. Sealed Air Corporation’s dividend payout ratio (DPR) is currently 33.16%.

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Several research firms recently issued reports on SEE. BidaskClub upgraded Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, July 20th. Zacks Investment Research cut Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Robert W. Baird reiterated an “outperform” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Sealed Air Corporation has an average rating of “Hold” and an average target price of $48.91.

In related news, CAO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the sale, the chief accounting officer now owns 37,797 shares in the company, valued at $1,641,523.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jerome A. Peribere bought 6,960 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average price of $42.97 per share, for a total transaction of $299,071.20. Following the transaction, the insider now owns 199,000 shares of the company’s stock, valued at approximately $8,551,030. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Sealed Air Corporation (NYSE:SEE)

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