Traders Sell Sealed Air Corporation (NYSE:SEE) on Strength (NYSE:SEE)

Investors sold shares of Sealed Air Corporation (NYSE:SEE) on strength during trading on Friday. $6.39 million flowed into the stock on the tick-up and $53.30 million flowed out of the stock on the tick-down, for a money net flow of $46.91 million out of the stock. Of all companies tracked, Sealed Air Corporation had the 0th highest net out-flow for the day. Sealed Air Corporation traded up $0.15 for the day and closed at $44.18

A number of equities analysts have issued reports on SEE shares. Zacks Investment Research cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Bank of America Corporation cut shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. 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. Credit Suisse Group set a $50.00 price objective 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 decreased their price objective on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.27.

The company has a market cap of $8.40 billion, a P/E ratio of 22.83 and a beta of 1.16. The stock’s 50-day moving average is $44.91 and its 200 day moving average is $45.19.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Sealed Air Corporation will post $1.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%. Sealed Air Corporation’s payout ratio is 33.16%.

In related news, CAO William G. Stiehl sold 3,000 shares of Sealed Air Corporation stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the sale, the chief accounting officer now owns 37,797 shares in the company, valued at approximately $1,641,523.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. raised 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 last quarter. Alps Advisors Inc. raised 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 last quarter. CENTRAL TRUST Co raised its stake in shares of Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares during the last quarter. Eqis Capital Management Inc. raised 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 last quarter. Finally, Cleararc Capital Inc. raised 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 last quarter. Institutional investors own 91.94% of the company’s stock.

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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, 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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