CI Investments Inc. grew its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,191,200 shares of the industrial products company’s stock after buying an additional 46,000 shares during the period. CI Investments Inc. owned 0.63% of Sealed Air Corporation worth $50,888,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Trust Co. purchased a new position in shares of Sealed Air Corporation during the second quarter valued at approximately $124,000. Global X Management Co. LLC increased its stake in shares of Sealed Air Corporation by 23.7% during the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock valued at $163,000 after buying an additional 699 shares during the period. Pacer Advisors Inc. increased its stake in shares of Sealed Air Corporation by 8.1% during the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock valued at $193,000 after buying an additional 322 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of Sealed Air Corporation during the second quarter valued at approximately $201,000. Finally, King Luther Capital Management Corp purchased a new position in shares of Sealed Air Corporation during the second quarter valued at approximately $205,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.
In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.05% of the company’s stock.
Sealed Air Corporation (SEE) traded up $0.63 during trading on Monday, reaching $44.98. The company’s stock had a trading volume of 911,395 shares, compared to its average volume of 2,168,431. 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 Corporation has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a market capitalization of $10,200.34, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 6.17 and a beta of 1.21.
Sealed Air Corporation (NYSE:SEE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The business 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 company posted $0.41 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts expect that Sealed Air Corporation will post 1.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is 12.19%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Sealed Air Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Barclays PLC boosted their target price on Sealed Air Corporation from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday. BidaskClub raised Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. SunTrust Banks, Inc. reissued a “buy” rating and set a $48.00 target price on shares of Sealed Air Corporation in a research note on Friday. Finally, Robert W. Baird reissued a “buy” rating and set a $55.00 target price on shares of Sealed Air Corporation in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Sealed Air Corporation currently has an average rating of “Hold” and an average target price of $48.75.
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Sealed Air Corporation 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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