Sealed Air Corporation (SEE) Stake Lifted by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in shares of Sealed Air Corporation (NYSE:SEE) by 55.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,667 shares of the industrial products company’s stock after purchasing an additional 4,177 shares during the period. WINTON GROUP Ltd’s holdings in Sealed Air were worth $498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEE. Strs Ohio grew its position in shares of Sealed Air by 6.1% during the 2nd quarter. Strs Ohio now owns 13,302 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 765 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Sealed Air by 270.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,280 shares of the industrial products company’s stock valued at $1,042,000 after purchasing an additional 17,000 shares in the last quarter. NGAM Advisors L.P. grew its position in shares of Sealed Air by 18.3% during the 2nd quarter. NGAM Advisors L.P. now owns 23,591 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 3,642 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Sealed Air by 3.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,462 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 228 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Sealed Air by 1.5% during the 2nd quarter. Retirement Systems of Alabama now owns 94,940 shares of the industrial products company’s stock valued at $4,250,000 after purchasing an additional 1,417 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Sealed Air Corporation (SEE) traded down $0.17 during trading on Friday, reaching $47.79. 2,368,079 shares of the company’s stock traded hands, compared to its average volume of 2,311,226. 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 $8,651.33, a P/E ratio of 23.98, a PEG ratio of 6.65 and a beta of 1.23. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. analysts predict that Sealed Air Corporation will post 1.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air’s dividend payout ratio is presently 12.19%.

Several brokerages recently issued reports on SEE. Robert W. Baird reiterated a “buy” rating and issued a $55.00 target price on shares of Sealed Air in a research report on Friday, September 1st. Jefferies Group reiterated a “hold” rating and issued a $44.00 target price on shares of Sealed Air in a research report on Friday, August 11th. TheStreet upgraded shares of Sealed Air from a “c+” rating to a “b-” rating in a research report on Thursday, November 30th. Royal Bank Of Canada reiterated a “hold” rating and issued a $45.00 target price on shares of Sealed Air in a research report on Wednesday, September 13th. Finally, Bank of America upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, September 21st. One 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.83.

In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the sale, the director now directly owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

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Sealed Air 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 (NYSE:SEE)

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