Russell Investments Group Ltd. trimmed its stake in Sealed Air Corporation (NYSE:SEE) by 5.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,525 shares of the industrial products company’s stock after selling 2,189 shares during the period. Russell Investments Group Ltd.’s holdings in Sealed Air were worth $1,561,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Sealed Air by 2.1% in the second quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock valued at $895,695,000 after purchasing an additional 403,530 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Sealed Air by 2.8% in the second quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock valued at $553,853,000 after purchasing an additional 333,722 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Sealed Air by 46,138.7% in the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after purchasing an additional 10,577,290 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Sealed Air by 199.6% in the second quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock valued at $205,703,000 after purchasing an additional 3,059,792 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Sealed Air by 245.4% in the second quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock valued at $187,604,000 after purchasing an additional 2,977,854 shares in the last quarter. 92.94% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Vertical Research cut shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Barclays upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $46.00 to $53.00 in a report on Friday, December 15th. TheStreet upgraded shares of Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. SunTrust Banks restated a “buy” rating and issued a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. Finally, Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Sealed Air has an average rating of “Hold” and an average target price of $49.42.

Sealed Air Corporation (NYSE:SEE) opened at $49.09 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a market cap of $8,930.00, a P/E ratio of 47.20, a price-to-earnings-growth ratio of 6.75 and a beta of 1.23.

Sealed Air (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 consensus estimate of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. equities analysts forecast that Sealed Air Corporation will post 1.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 30th. Sealed Air’s dividend payout ratio (DPR) is presently 61.54%.

In other news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the sale, the senior vice president now owns 142,077 shares in the company, valued at approximately $6,427,563.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the sale, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

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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.

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

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