Sealed Air Corporation Sees Unusually Large Options Volume (SEE)

Sealed Air Corporation (NYSE:SEE) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 2,316 put options on the company. This is an increase of Infinity compared to the average volume of 0 put options.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC raised its position in shares of Sealed Air Corporation by 10.8% in the second quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after buying an additional 769 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sealed Air Corporation by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after buying an additional 20,144 shares during the last quarter. Legal & General Group Plc raised its position in shares of Sealed Air Corporation by 5.6% in the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after buying an additional 50,305 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Sealed Air Corporation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 8,547 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Sealed Air Corporation by 1,672.6% in the second quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock valued at $27,599,000 after buying an additional 581,819 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Sealed Air Corporation (NYSE:SEE) opened at $44.35 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 4.23. The firm has a market cap of $10,200.32, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 6.19 and a beta of 1.21. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62.

Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. equities analysts predict that Sealed Air Corporation will post 1.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is 12.19%.

A number of analysts recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub downgraded shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a report on Thursday. Finally, Barclays PLC increased their price target on shares of Sealed Air Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.75.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/11/13/sealed-air-corporation-sees-unusually-large-options-volume-see.html.

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 (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.

Receive News & Ratings for Sealed Air Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply