Sealed Air Corporation (SEE) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. reduced its stake in shares of Sealed Air Corporation (NYSE:SEE) by 73.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 116,681 shares of the industrial products company’s stock after selling 321,396 shares during the period. Pictet Asset Management Ltd. owned approximately 0.06% of Sealed Air Corporation worth $4,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in Sealed Air Corporation by 46,138.7% in the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after purchasing an additional 10,577,290 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Sealed Air Corporation by 199.6% in the second quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after purchasing an additional 3,059,792 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Sealed Air Corporation by 245.4% in the second quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock worth $187,604,000 after purchasing an additional 2,977,854 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in Sealed Air Corporation by 5,650.5% in the second quarter. Manning & Napier Advisors LLC now owns 2,506,945 shares of the industrial products company’s stock worth $112,209,000 after purchasing an additional 2,463,350 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Sealed Air Corporation by 91.6% in the second quarter. Jennison Associates LLC now owns 3,378,121 shares of the industrial products company’s stock worth $151,205,000 after purchasing an additional 1,614,619 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

Several analysts have weighed in on SEE shares. SunTrust Banks, Inc. set a $48.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research note on Sunday, September 10th. Robert W. Baird reissued a “buy” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research note on Friday, September 1st. Bank of America Corporation raised shares of Sealed Air Corporation from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Thursday, September 21st. Barclays PLC reissued an “equal weight” rating and issued a $45.00 price target on shares of Sealed Air Corporation in a research note on Tuesday, September 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price target on shares of Sealed Air Corporation in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.75.

In related news, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the transaction, the director now owns 38,180 shares in the company, valued at $1,638,303.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is owned by insiders.

Sealed Air Corporation (NYSE SEE) opened at $44.35 on Friday. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62. The stock has a market cap of $10,200.32, a PE ratio of 22.17, a price-to-earnings-growth ratio of 6.19 and a beta of 1.21. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.28.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts expect that Sealed Air Corporation will post 1.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio is currently 12.19%.

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Sealed Air Corporation 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 Corporation (NYSE:SEE)

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