Stock Traders Purchase Large Volume of Sealed Air Call Options (SEE)
Sealed Air Corporation (NYSE:SEE) was the recipient of unusually large options trading on Wednesday. Traders bought 12,057 call options on the stock. This is an increase of 1,923% compared to the average volume of 596 call options.
In other Sealed Air news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the sale, the director now directly owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEE. Janus Henderson Group PLC lifted its position in shares of Sealed Air by 46,138.7% in the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after acquiring an additional 10,577,290 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Sealed Air by 199.6% in the second quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock valued at $205,703,000 after acquiring an additional 3,059,792 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sealed Air by 245.4% in the second quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock valued at $187,604,000 after acquiring an additional 2,977,854 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Sealed Air by 91.6% in the second quarter. Jennison Associates LLC now owns 3,378,121 shares of the industrial products company’s stock valued at $151,205,000 after acquiring an additional 1,614,619 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Sealed Air by 150.1% in the second quarter. Eaton Vance Management now owns 2,624,092 shares of the industrial products company’s stock valued at $117,454,000 after acquiring an additional 1,575,006 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
Sealed Air (NYSE:SEE) opened at $47.79 on Monday. The firm has a market capitalization of $8,620.65, a P/E ratio of 23.90, a PEG ratio of 6.62 and a beta of 1.23. Sealed Air has a 1 year low of $41.22 and a 1 year high of $50.62. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34.
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, meeting the consensus estimate 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 had a return on equity of 67.60% and a net margin of 20.15%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. sell-side analysts expect that Sealed Air will post 1.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.16 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. Sealed Air’s dividend payout ratio (DPR) is presently 12.19%.
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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