Traders sold shares of Sealed Air Corporation (NYSE:SEE) on strength during trading hours on Wednesday. $8.91 million flowed into the stock on the tick-up and $43.61 million flowed out of the stock on the tick-down, for a money net flow of $34.70 million out of the stock. Of all equities tracked, Sealed Air had the 13th highest net out-flow for the day. Sealed Air traded up $0.07 for the day and closed at $49.21

A number of research firms have issued reports on SEE. Barclays reissued an “equal weight” rating and issued a $45.00 target price on shares of Sealed Air in a research note on Tuesday, September 19th. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 target price on shares of Sealed Air in a research note on Wednesday, September 13th. Bank of America raised Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Thursday, September 21st. Jefferies Group reissued a “hold” rating and issued a $44.00 target price on shares of Sealed Air in a research note on Thursday, September 14th. Finally, SunTrust Banks reissued a “buy” rating and issued a $48.00 target price on shares of Sealed Air in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $49.42.

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 firm has a market cap of $8,890.00, a PE ratio of 47.32, a price-to-earnings-growth ratio of 6.80 and a beta of 1.23.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. Sealed Air’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. equities analysts predict that Sealed Air Corporation will post 1.8 EPS for the current fiscal year.

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

In related news, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,704,357.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the sale, the senior vice president now owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its stake in Sealed Air by 9.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 628,487 shares of the industrial products company’s stock valued at $28,132,000 after buying an additional 52,059 shares during the period. Legal & General Group Plc raised its stake in Sealed Air by 5.6% in 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 buying an additional 50,305 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Sealed Air by 1.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 560,362 shares of the industrial products company’s stock valued at $25,082,000 after buying an additional 9,951 shares during the period. Victory Capital Management Inc. raised its stake in Sealed Air by 1,672.6% in 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 buying an additional 581,819 shares during the period. Finally, Aviva PLC raised its stake in Sealed Air by 1.5% in the second quarter. Aviva PLC now owns 122,294 shares of the industrial products company’s stock valued at $5,474,000 after buying an additional 1,810 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

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About Sealed Air

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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