Sei Investments Co. trimmed its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 22.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 259,598 shares of the industrial products company’s stock after selling 74,264 shares during the quarter. Sei Investments Co. owned 0.14% of Sealed Air Corporation worth $11,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC increased its position in shares of Sealed Air Corporation by 10.8% during the second quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 769 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sealed Air Corporation by 2.4% during 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 acquiring an additional 20,144 shares during the last quarter. Legal & General Group Plc increased its position in shares of Sealed Air Corporation by 5.6% during 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 acquiring an additional 50,305 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Sealed Air Corporation by 20.4% during 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 acquiring an additional 8,547 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Sealed Air Corporation by 1,672.6% during 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 acquiring an additional 581,819 shares during the last quarter. 75.41% of the stock is owned by institutional investors.

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

Several brokerages have weighed in on SEE. SunTrust Banks, Inc. reissued a “buy” rating and set a $49.00 price objective on shares of Sealed Air Corporation in a report on Friday. Zacks Investment Research raised Sealed Air Corporation from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, November 9th. Barclays PLC increased their price objective on Sealed Air Corporation from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Finally, Bank of America Corporation set a $50.00 price objective on Sealed Air Corporation and gave the company a “buy” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.83.

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Sealed Air Corporation (NYSE SEE) opened at $45.72 on Monday. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. The company has a market capitalization of $10,515.44, a price-to-earnings ratio of 22.86, a PEG ratio of 6.36 and a beta of 1.21.

Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts anticipate 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. Stockholders of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s payout ratio is currently 12.19%.

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.

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

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