Capital Fund Management S.A. Takes $4.97 Million Position in Sealed Air Corp (SEE)

Capital Fund Management S.A. purchased a new position in Sealed Air Corp (NYSE:SEE) in the 4th quarter, HoldingsChannel reports. The firm purchased 100,836 shares of the industrial products company’s stock, valued at approximately $4,971,000.

Other large investors have also bought and sold shares of the company. Massey Quick Simon & CO. LLC acquired a new stake in shares of Sealed Air during the third quarter worth approximately $140,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Sealed Air during the fourth quarter worth approximately $171,000. Beck Mack & Oliver LLC acquired a new stake in shares of Sealed Air during the fourth quarter worth approximately $207,000. MHI Funds LLC acquired a new stake in shares of Sealed Air during the fourth quarter worth approximately $216,000. Finally, Conning Inc. acquired a new stake in shares of Sealed Air during the fourth quarter worth approximately $226,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on SEE shares. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. SunTrust Banks reaffirmed a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. Zacks Investment Research raised shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Royal Bank of Canada reaffirmed a “hold” rating and set a $47.00 price objective on shares of Sealed Air in a report on Thursday, November 9th. Finally, Barclays raised their price objective on shares of Sealed Air from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Sealed Air currently has a consensus rating of “Hold” and a consensus target price of $50.31.

In related news, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Sealed Air Corp (NYSE SEE) opened at $42.66 on Friday. The firm has a market cap of $7,736.77, a price-to-earnings ratio of 10.18, a PEG ratio of 1.63 and a beta of 1.12. Sealed Air Corp has a 52-week low of $40.76 and a 52-week high of $49.94. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 21.21.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. research analysts anticipate 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. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 annualized dividend and a yield of 1.50%. Sealed Air’s dividend payout ratio is currently 15.27%.

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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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