United Services Automobile Association increased its position in shares of Sealed Air Corporation (NYSE:SEE) by 3.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 63,311 shares of the company’s stock after buying an additional 1,974 shares during the period. United Services Automobile Association’s holdings in Sealed Air Corporation were worth $2,901,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in Sealed Air Corporation by 209.5% in the third quarter. HighTower Advisors LLC now owns 16,488 shares of the company’s stock valued at $750,000 after buying an additional 11,161 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Sealed Air Corporation by 0.9% in the third quarter. Hsbc Holdings PLC now owns 134,885 shares of the company’s stock valued at $6,180,000 after buying an additional 1,214 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Sealed Air Corporation by 32.9% in the third quarter. Adage Capital Partners GP L.L.C. now owns 557,862 shares of the company’s stock valued at $25,561,000 after buying an additional 138,200 shares during the last quarter. SECOR Capital Advisors LP acquired a new stake in Sealed Air Corporation during the third quarter valued at about $677,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sealed Air Corporation by 36.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,512 shares of the company’s stock valued at $2,635,000 after buying an additional 15,500 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sealed Air Corporation (NYSE:SEE) traded up 1.46% during trading on Friday, reaching $47.83. 3,937,195 shares of the company were exchanged. Sealed Air Corporation has a 1-year low of $42.01 and a 1-year high of $52.83. The firm has a market capitalization of $9.25 billion, a PE ratio of 21.62 and a beta of 1.27. The company’s 50-day moving average is $48.04 and its 200 day moving average is $46.73.
Sealed Air Corporation (NYSE:SEE) last issued its earnings results on Thursday, February 9th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.79 billion. Sealed Air Corporation had a net margin of 6.31% and a return on equity of 92.87%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Equities research analysts expect that Sealed Air Corporation will post $2.93 EPS for the current fiscal year.
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SEE has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Sealed Air Corporation from a “sell” rating to a “hold” rating in a report on Monday, January 23rd. Jefferies Group LLC lowered their price objective on shares of Sealed Air Corporation to $45.00 in a report on Friday. Finally, Citigroup Inc. restated a “buy” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a report on Monday, October 17th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $53.27.
Sealed Air Corporation 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, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions.
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