Creative Planning boosted its position in Sealed Air Corp (NYSE:SEE) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,717 shares of the industrial products company’s stock after acquiring an additional 1,317 shares during the quarter. Creative Planning’s holdings in Sealed Air were worth $627,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Massey Quick Simon & CO. LLC purchased a new position in shares of Sealed Air during the third quarter worth approximately $140,000. Ameritas Investment Partners Inc. grew its position in Sealed Air by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock valued at $213,000 after buying an additional 70 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in Sealed Air in the 3rd quarter valued at $242,000. Sentry Investment Management LLC grew its position in Sealed Air by 2.6% in the 2nd quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock valued at $305,000 after buying an additional 173 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Sealed Air in the 3rd quarter valued at $295,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.
Sealed Air Corp (NYSE SEE) opened at $42.51 on Thursday. Sealed Air Corp has a one year low of $40.76 and a one year high of $49.94. The firm has a market cap of $7,670.00, a PE ratio of 128.82, a P/E/G ratio of 1.62 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 21.21.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts expect that Sealed Air Corp will post 2.4 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.51%. Sealed Air’s dividend payout ratio is currently 193.94%.
In other news, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.
A number of research firms recently weighed in on SEE. Zacks Investment Research lowered shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research report on Friday, February 9th. Vertical Research upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Monday. SunTrust Banks lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Citigroup decreased their target price on shares of Sealed Air from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $50.31.
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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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