Nissay Asset Management Corp Japan ADV Boosts Stake in Sealed Air Corp (SEE)

Nissay Asset Management Corp Japan ADV lifted its stake in shares of Sealed Air Corp (NYSE:SEE) by 2.9% in the first quarter, Holdings Channel reports. The institutional investor owned 14,829 shares of the industrial products company’s stock after buying an additional 422 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Sealed Air were worth $683,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEE. Morgan Stanley raised its position in shares of Sealed Air by 6.5% in the 3rd quarter. Morgan Stanley now owns 390,656 shares of the industrial products company’s stock worth $15,684,000 after buying an additional 23,837 shares during the period. Vanguard Group Inc raised its position in shares of Sealed Air by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 18,025,501 shares of the industrial products company’s stock worth $723,724,000 after buying an additional 558,305 shares during the period. Federated Investors Inc. PA raised its position in shares of Sealed Air by 5,119.8% in the 3rd quarter. Federated Investors Inc. PA now owns 167,033 shares of the industrial products company’s stock worth $6,706,000 after buying an additional 163,833 shares during the period. DNB Asset Management AS raised its position in shares of Sealed Air by 38.8% in the 4th quarter. DNB Asset Management AS now owns 26,897 shares of the industrial products company’s stock worth $937,000 after buying an additional 7,518 shares during the period. Finally, Bell Asset Management Ltd raised its position in shares of Sealed Air by 30.9% in the 4th quarter. Bell Asset Management Ltd now owns 197,233 shares of the industrial products company’s stock worth $6,872,000 after buying an additional 46,601 shares during the period. Institutional investors own 99.33% of the company’s stock.

Shares of NYSE SEE opened at $41.74 on Wednesday. Sealed Air Corp has a 12-month low of $30.22 and a 12-month high of $47.13. The firm has a market capitalization of $6.49 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.71 and a beta of 1.13.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Sealed Air had a negative return on equity of 112.27% and a net margin of 9.57%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Sealed Air Corp will post 2.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.16 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.64 annualized dividend and a yield of 1.53%. Sealed Air’s dividend payout ratio is currently 25.60%.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Sealed Air from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Morgan Stanley set a $44.00 target price on Sealed Air and gave the stock a “hold” rating in a research report on Wednesday, April 17th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research report on Thursday, February 7th. Goldman Sachs Group lowered Sealed Air from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. They noted that the move was a valuation call. Finally, Vertical Research lowered Sealed Air from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Sealed Air presently has a consensus rating of “Hold” and a consensus target price of $43.00.

In other Sealed Air news, CEO Edward L. Doheny II bought 5,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $45.00 per share, for a total transaction of $225,000.00. Following the completion of the purchase, the chief executive officer now directly owns 167,246 shares of the company’s stock, valued at $7,526,070. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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Sealed Air Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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

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