Usca Ria LLC decreased its stake in Sealed Air Corporation (NYSE:SEE) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,892 shares of the industrial products company’s stock after selling 697 shares during the period. Usca Ria LLC’s holdings in Sealed Air Corporation were worth $1,204,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SEE. Assetmark Inc. boosted its stake in shares of Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock worth $107,000 after buying an additional 25 shares during the period. Alps Advisors Inc. boosted its stake in shares of Sealed Air Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock worth $471,000 after buying an additional 27 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of Sealed Air Corporation by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 13,398 shares of the industrial products company’s stock worth $584,000 after buying an additional 40 shares during the period. Cleararc Capital Inc. boosted its stake in shares of Sealed Air Corporation by 1.3% in the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the industrial products company’s stock worth $207,000 after buying an additional 60 shares during the period. Finally, Conning Inc. boosted its stake in shares of Sealed Air Corporation by 1.5% in the first quarter. Conning Inc. now owns 4,754 shares of the industrial products company’s stock worth $207,000 after buying an additional 70 shares during the period. 90.70% of the stock is owned by institutional investors and hedge funds.

Sealed Air Corporation (NYSE SEE) opened at 44.82 on Friday. Sealed Air Corporation has a 1-year low of $41.74 and a 1-year high of $50.62. The firm has a 50-day moving average of $44.93 and a 200-day moving average of $44.89. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 23.16 and a beta of 1.16.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect that Sealed Air Corporation will post $1.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.

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A number of equities research analysts recently weighed in on SEE shares. Bank of America Corporation cut shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Tuesday, May 9th. TheStreet cut shares of Sealed Air Corporation from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Zacks Investment Research cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Credit Suisse Group set a $50.00 price target on shares of Sealed Air Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, Jefferies Group LLC reduced their price target on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $49.27.

About Sealed Air Corporation

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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Institutional Ownership by Quarter for Sealed Air Corporation (NYSE:SEE)

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