Sealed Air Corporation Target of Unusually Large Options Trading (SEE)
Sealed Air Corporation (NYSE:SEE) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 2,316 put options on the stock. This represents an increase of approximately Infinity compared to the typical volume of 0 put options.
Sealed Air Corporation (SEE) opened at $44.35 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 4.23. The company has a market cap of $8,510.00, a PE ratio of 22.40, a price-to-earnings-growth ratio of 6.27 and a beta of 1.21. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. equities research analysts expect that Sealed Air Corporation will post 1.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is 61.54%.
In other news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the sale, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.05% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fiduciary Trust Co. purchased a new position in Sealed Air Corporation during the 2nd quarter valued at about $124,000. Massey Quick Simon & CO. LLC purchased a new position in Sealed Air Corporation during the 3rd quarter valued at about $140,000. Global X Management Co. LLC increased its position in Sealed Air Corporation by 23.7% during the 2nd quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 699 shares during the period. Pacer Advisors Inc. increased its position in Sealed Air Corporation by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 322 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in Sealed Air Corporation during the 2nd quarter valued at about $201,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. SunTrust Banks, Inc. set a $48.00 target price on shares of Sealed Air Corporation and gave the stock a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research lowered shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. KeyCorp reiterated a “hold” rating on shares of Sealed Air Corporation in a report on Monday, October 2nd. BidaskClub lowered shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.75.
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 (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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