UBS Group AG raised its position in Sealed Air Corporation (NYSE:SEE) by 7.5% during the first quarter, Holdings Channel reports. The institutional investor owned 858,630 shares of the industrial products company’s stock after buying an additional 60,155 shares during the period. UBS Group AG’s holdings in Sealed Air Corporation were worth $37,419,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Sealed Air Corporation during the fourth quarter worth about $2,905,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Sealed Air Corporation by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,571 shares of the industrial products company’s stock worth $163,000 after buying an additional 578 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Sealed Air Corporation during the fourth quarter worth about $29,435,000. Baldwin Brothers Inc. MA boosted its position in shares of Sealed Air Corporation by 61,387.8% in the first quarter. Baldwin Brothers Inc. MA now owns 180,774 shares of the industrial products company’s stock worth $7,878,000 after buying an additional 180,480 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Sealed Air Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,788,451 shares of the industrial products company’s stock worth $77,943,000 after buying an additional 23,184 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sealed Air Corporation (SEE) traded up 0.413% during midday trading on Friday, hitting $45.025. 1,001,849 shares of the company’s stock traded hands. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 25.876 and a beta of 1.13. The company has a 50 day moving average price of $44.18 and a 200 day moving average price of $45.81. Sealed Air Corporation has a 1-year low of $41.74 and a 1-year high of $50.62.
Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.58 billion. Sealed Air Corporation had a net margin of 5.48% and a return on equity of 85.72%. Sealed Air Corporation’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Equities analysts anticipate that Sealed Air Corporation will post $1.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 36.99%.
SEE has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 target price on shares of Sealed Air Corporation in a report on Tuesday, April 18th. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a report on Tuesday, March 21st. BMO Capital Markets reissued a “hold” rating and issued a $45.00 target price (down previously from $50.00) on shares of Sealed Air Corporation in a report on Tuesday, March 28th. Finally, KeyCorp reissued a “hold” rating on shares of Sealed Air Corporation in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.09.
In other news, insider Jerome A. Peribere purchased 6,960 shares of Sealed Air Corporation stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $42.97 per share, for a total transaction of $299,071.20. Following the completion of the transaction, the insider now directly owns 199,000 shares in the company, valued at $8,551,030. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the transaction, the chief accounting officer now owns 37,797 shares in the company, valued at $1,641,523.71. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.
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 a range of integrated system solutions.
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