Sealed Air Corp (SEE) Stake Increased by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in Sealed Air Corp (NYSE:SEE) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,536 shares of the industrial products company’s stock after acquiring an additional 12,165 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Sealed Air worth $4,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEE. Dimensional Fund Advisors LP boosted its holdings in shares of Sealed Air by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock worth $38,442,000 after buying an additional 20,144 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of Sealed Air by 2.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 59,597 shares of the industrial products company’s stock worth $2,546,000 after buying an additional 1,600 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Sealed Air by 647.4% in the 3rd quarter. Macquarie Group Ltd. now owns 29,439 shares of the industrial products company’s stock worth $1,258,000 after buying an additional 25,500 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Sealed Air in the 3rd quarter worth about $295,000. Finally, Legal & General Group Plc boosted its holdings in shares of Sealed Air by 5.9% in the 3rd quarter. Legal & General Group Plc now owns 1,005,606 shares of the industrial products company’s stock worth $42,960,000 after buying an additional 56,436 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Shares of Sealed Air Corp (NYSE:SEE) opened at $42.20 on Thursday. Sealed Air Corp has a fifty-two week low of $40.76 and a fifty-two week high of $49.94. The stock has a market cap of $7,588.86, a PE ratio of 23.11, a PEG ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.35 and a quick ratio of 0.99.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. research analysts predict that Sealed Air Corp will post 2.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, March 1st. Sealed Air’s dividend payout ratio (DPR) is 15.27%.

Several research firms have commented on SEE. JPMorgan Chase & Co. dropped their price objective on shares of Sealed Air from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. TheStreet downgraded shares of Sealed Air from a “b” rating to a “c” rating in a report on Thursday, February 8th. Vertical Research raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Monday, February 12th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a report on Friday, February 9th. Finally, Bank of America set a $59.00 price objective on shares of Sealed Air and gave the company a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.31.

In related news, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now directly owns 34,797 shares in the company, valued at $1,704,357.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.05% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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