Tredje AP fonden Decreases Position in Sealed Air Corporation (SEE)
Tredje AP fonden trimmed its position in shares of Sealed Air Corporation (NYSE:SEE) by 27.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,710 shares of the industrial products company’s stock after selling 5,910 shares during the period. Tredje AP fonden’s holdings in Sealed Air were worth $671,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Sealed Air by 10.8% during the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after buying an additional 769 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sealed Air by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after buying an additional 20,144 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Sealed Air by 5.6% during the 2nd quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after buying an additional 50,305 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Sealed Air by 20.4% during the 2nd 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 buying an additional 8,547 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Sealed Air by 1,672.6% during the 2nd quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock valued at $27,599,000 after buying an additional 581,819 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on SEE. SunTrust Banks set a $48.00 price objective on Sealed Air and gave the company a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research raised Sealed Air from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research note on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price target on shares of Sealed Air in a research note on Thursday, November 9th. Finally, Citigroup cut Sealed Air from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $52.00 to $47.00 in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Sealed Air currently has an average rating of “Hold” and an average target price of $48.83.
Shares of Sealed Air Corporation (NYSE SEE) traded down $0.17 during trading on Friday, reaching $47.79. The company’s stock had a trading volume of 2,368,079 shares, compared to its average volume of 2,311,226. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The stock has a market cap of $8,620.65, a PE ratio of 23.90, a P/E/G ratio of 6.62 and a beta of 1.23. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62.
Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.41 EPS. sell-side analysts forecast that Sealed Air Corporation will post 1.8 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.34%. Sealed Air’s dividend payout ratio is currently 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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