Vertical Research downgraded shares of Sealed Air (NYSE:SEE) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Other analysts have also issued research reports about the company. TheStreet upgraded Sealed Air from a c+ rating to a b- rating in a research note on Thursday, November 30th. Bank of America set a $50.00 target price on Sealed Air and gave the stock a buy rating in a research note on Friday, October 13th. SunTrust Banks set a $48.00 target price on Sealed Air and gave the stock a buy rating in a research note on Sunday, September 10th. Robert W. Baird reiterated a buy rating and issued a $55.00 target price on shares of Sealed Air in a research note on Friday, September 1st. Finally, Barclays reiterated an equal weight rating and issued a $45.00 target price on shares of Sealed Air in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $49.42.

Sealed Air (SEE) traded down $1.15 during mid-day trading on Wednesday, reaching $48.51. The company’s stock had a trading volume of 3,267,300 shares, compared to its average volume of 2,210,358. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62. The stock has a market capitalization of $8,957.99, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 6.88 and a beta of 1.23.

Sealed Air (NYSE:SEE) last released its 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. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. equities research analysts forecast that Sealed Air will post 1.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.32%. Sealed Air’s dividend payout ratio is currently 12.19%.

In other news, CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares in the company, valued at $1,704,357.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the transaction, the senior vice president now owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in Sealed Air by 10.8% during the second quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after purchasing an additional 769 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sealed Air by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after purchasing an additional 20,144 shares in the last quarter. Legal & General Group Plc boosted its position in Sealed Air by 5.6% during the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after purchasing an additional 50,305 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Sealed Air by 20.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after purchasing an additional 8,547 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Sealed Air by 1,672.6% during the second quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock valued at $27,599,000 after purchasing an additional 581,819 shares in the last quarter. 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.

Analyst Recommendations for Sealed Air (NYSE:SEE)

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