Levin Capital Strategies L.P. reduced its holdings in Sealed Air Corp (NYSE:SEE) by 89.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,013 shares of the industrial products company’s stock after selling 57,875 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Sealed Air were worth $346,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SEE. Thrivent Financial For Lutherans increased its stake in Sealed Air by 3.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,422 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 280 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Sealed Air by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock worth $38,442,000 after acquiring an additional 20,144 shares during the last quarter. HighTower Advisors LLC increased its stake in Sealed Air by 10.8% in the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock worth $351,000 after acquiring an additional 769 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Sealed Air by 13.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 220,498 shares of the industrial products company’s stock worth $9,870,000 after acquiring an additional 25,389 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Sealed Air by 5.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 33,024 shares of the industrial products company’s stock worth $1,478,000 after acquiring an additional 1,619 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.
A number of equities analysts have weighed in on SEE shares. TheStreet upgraded Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. KeyCorp restated a “hold” rating on shares of Sealed Air in a research note on Friday, February 9th. Vertical Research upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup decreased their target price on Sealed Air from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Finally, SunTrust Banks restated a “buy” rating and issued a $49.00 target price on shares of Sealed Air in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.31.
Sealed Air Corp (NYSE SEE) opened at $42.66 on Friday. Sealed Air Corp has a fifty-two week low of $40.76 and a fifty-two week high of $49.94. 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 stock has a market capitalization of $7,695.27, a PE ratio of 23.44, a PEG ratio of 1.62 and a beta of 1.12.
Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts anticipate that Sealed Air Corp will post 2.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 1st. Sealed Air’s payout ratio is currently 15.27%.
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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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