Arnhold LLC grew its holdings in Sealed Air Corp (NYSE:SEE) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,647 shares of the industrial products company’s stock after buying an additional 1,010 shares during the period. Arnhold LLC owned 0.07% of Sealed Air worth $3,576,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Essex Savings Bank acquired a new stake in Sealed Air during the 4th quarter worth approximately $35,000. Massey Quick Simon & CO. LLC lifted its holdings in Sealed Air by 50.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,311 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 770 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Sealed Air by 364.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 2,177 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Sealed Air in the 3rd quarter valued at $140,000. Finally, Ridgewood Investments LLC acquired a new position in Sealed Air in the 3rd quarter valued at $202,000. 92.59% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. TheStreet upgraded Sealed Air from a “d+” rating to a “c+” rating in a research note on Thursday, February 7th. Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Robert W. Baird lifted their price target on Sealed Air from $41.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 8th. Royal Bank of Canada lifted their price target on Sealed Air to $43.00 and gave the company a “sector perform” rating in a research note on Friday, February 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.40.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Sealed Air had a negative return on equity of 104.71% and a net margin of 4.08%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. On average, analysts forecast that Sealed Air Corp will post 2.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 7th. Sealed Air’s dividend payout ratio is 25.60%.
In other Sealed Air news, SVP Emile Z. Chammas acquired 5,000 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were bought at an average cost of $33.40 per share, with a total value of $167,000.00. Following the purchase, the senior vice president now directly owns 169,509 shares of the company’s stock, valued at $5,661,600.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harry A. Lawton III acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was acquired at an average cost of $42.33 per share, for a total transaction of $42,330.00. Following the completion of the purchase, the director now directly owns 2,225 shares in the company, valued at $94,184.25. The disclosure for this purchase can be found here. Insiders bought a total of 13,500 shares of company stock worth $462,455 over the last three months. 0.63% of the stock is owned by company insiders.
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About Sealed Air
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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