Guggenheim Capital LLC lifted its stake in Sealed Air Corp (NYSE:SEE) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,055,880 shares of the industrial products company’s stock after purchasing an additional 61,196 shares during the quarter. Guggenheim Capital LLC owned about 0.59% of Sealed Air worth $52,056,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in Sealed Air during the 4th quarter valued at $171,000. Compton Capital Management Inc. RI purchased a new position in Sealed Air during the 4th quarter valued at $205,000. Beck Mack & Oliver LLC purchased a new position in Sealed Air during the 4th quarter valued at $207,000. King Luther Capital Management Corp purchased a new position in Sealed Air during the 4th quarter valued at $211,000. Finally, MHI Funds LLC purchased a new position in Sealed Air during the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.
SEE has been the subject of a number of recent analyst reports. Zacks Investment Research cut Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Barclays upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $53.00 in a report on Friday, December 15th. SunTrust Banks restated a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. BMO Capital Markets restated a “hold” rating and set a $50.00 price objective on shares of Sealed Air in a report on Thursday, January 25th. Finally, Citigroup dropped their price objective on Sealed Air from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $50.31.
Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. Sealed Air’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. equities research analysts predict that Sealed Air Corp will post 2.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 1st. Sealed Air’s dividend payout ratio (DPR) is presently 15.27%.
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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