Sealed Air Corp (SEE) Holdings Boosted by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. raised its position in Sealed Air Corp (NYSE:SEE) by 165.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,488 shares of the industrial products company’s stock after buying an additional 5,285 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Sealed Air were worth $418,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Sealed Air by 11.6% in the fourth quarter. Creative Planning now owns 12,717 shares of the industrial products company’s stock worth $627,000 after acquiring an additional 1,317 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Sealed Air by 3.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 41,369 shares of the industrial products company’s stock worth $2,040,000 after acquiring an additional 1,400 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of Sealed Air by 2.8% in the third quarter. AMP Capital Investors Ltd now owns 59,597 shares of the industrial products company’s stock worth $2,546,000 after acquiring an additional 1,600 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of Sealed Air by 4.4% in the third quarter. First Republic Investment Management Inc. now owns 39,388 shares of the industrial products company’s stock worth $1,683,000 after acquiring an additional 1,664 shares during the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of Sealed Air by 10.1% in the fourth quarter. Garner Asset Management Corp now owns 19,607 shares of the industrial products company’s stock worth $967,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 98.29% of the company’s stock.

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SEE opened at $42.37 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 21.21. The company has a market cap of $7,091.68, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. Sealed Air Corp has a fifty-two week low of $40.76 and a fifty-two week high of $49.94.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. Sealed Air’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities research analysts anticipate that Sealed Air Corp will post 2.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.51%. The ex-dividend date was Thursday, March 1st. Sealed Air’s payout ratio is presently 35.36%.

SEE has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research note on Friday, February 9th. Vertical Research raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup dropped their price target on shares of Sealed Air from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Zacks Investment Research raised shares of Sealed Air from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, SunTrust Banks downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.33.

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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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