Emile Z. Chammas Sells 6,000 Shares of Sealed Air Corporation (SEE) Stock
Sealed Air Corporation (NYSE:SEE) SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Sealed Air Corporation (NYSE SEE) traded down $0.71 during midday trading on Tuesday, hitting $45.01. The stock had a trading volume of 2,182,700 shares, compared to its average volume of 2,164,551. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The company has a market cap of $10,350.00, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 6.36 and a beta of 1.21.
Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. research analysts forecast that Sealed Air Corporation will post 1.8 EPS for the current year.
The company 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. The ex-dividend date is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. Sealed Air Corporation’s dividend payout ratio (DPR) is 61.54%.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Sealed Air Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock valued at $895,695,000 after acquiring an additional 403,530 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Sealed Air Corporation by 2.8% in the 2nd quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock valued at $553,853,000 after acquiring an additional 333,722 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Sealed Air Corporation by 46,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after acquiring an additional 10,577,290 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Sealed Air Corporation by 10.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,078,212 shares of the industrial products company’s stock valued at $216,347,000 after acquiring an additional 485,234 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Sealed Air Corporation by 4.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,387,183 shares of the industrial products company’s stock valued at $187,420,000 after acquiring an additional 195,840 shares during the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.
SEE has been the topic of several recent research reports. Robert W. Baird reissued a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a research report on Friday, September 1st. Bank of America Corporation set a $50.00 price target on Sealed Air Corporation and gave the stock a “buy” rating in a research report on Friday, October 13th. BMO Capital Markets reissued a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a research report on Sunday, August 27th. Zacks Investment Research lowered Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Citigroup Inc. lowered Sealed Air Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $52.00 to $47.00 in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.83.
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 (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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