Investors Sell Shares of Sealed Air (SEE) on Strength (SEE)

Investors sold shares of Sealed Air Corporation (NYSE:SEE) on strength during trading on Tuesday. $5.32 million flowed into the stock on the tick-up and $41.12 million flowed out of the stock on the tick-down, for a money net flow of $35.80 million out of the stock. Of all stocks tracked, Sealed Air had the 14th highest net out-flow for the day. Sealed Air traded up $0.05 for the day and closed at $49.14

SEE has been the topic of several recent research reports. Robert W. Baird reiterated a “buy” rating and issued a $55.00 price objective on shares of Sealed Air in a research report on Friday, September 1st. Bank of America set a $50.00 price target on shares of Sealed Air and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Citigroup downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $47.00 in a research report on Thursday, September 7th. Finally, TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $49.42.

The company has a market cap of $8,890.00, a PE ratio of 47.25, a price-to-earnings-growth ratio of 6.80 and a beta of 1.23. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. equities research analysts expect that Sealed Air Corporation will post 1.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, November 30th. Sealed Air’s payout ratio is presently 61.54%.

In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Sealed Air by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after buying an additional 70 shares during the last quarter. Ray Gerald L & Associates Ltd. increased its position in Sealed Air by 1.2% during the second quarter. Ray Gerald L & Associates Ltd. now owns 9,513 shares of the industrial products company’s stock worth $426,000 after acquiring an additional 113 shares during the period. Sentry Investment Management LLC increased its position in Sealed Air by 2.6% during the second quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 173 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Sealed Air by 1.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,548 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 196 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in Sealed Air by 3.9% during the second quarter. Thrivent Financial For Lutherans now owns 7,422 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Investors Sell Shares of Sealed Air (SEE) on Strength (SEE)” was first published by Week Herald and is owned by of Week Herald. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://weekherald.com/2017/12/26/investors-sell-shares-of-sealed-air-see-on-strength-see.html.

Sealed Air 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 (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.

Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply