98,327 Shares in Sealed Air Corp (NYSE:SEE) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in Sealed Air Corp (NYSE:SEE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 98,327 shares of the industrial products company’s stock, valued at approximately $4,082,000. Squarepoint Ops LLC owned approximately 0.06% of Sealed Air at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its position in Sealed Air by 3.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 17,135 shares of the industrial products company’s stock worth $733,000 after purchasing an additional 518 shares in the last quarter. Bbva USA Bancshares Inc. boosted its position in Sealed Air by 10.7% in the 2nd quarter. Bbva USA Bancshares Inc. now owns 18,839 shares of the industrial products company’s stock worth $805,000 after purchasing an additional 1,824 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in Sealed Air in the 3rd quarter worth approximately $1,919,000. Bank of Nova Scotia boosted its position in Sealed Air by 7.2% in the 2nd quarter. Bank of Nova Scotia now owns 128,998 shares of the industrial products company’s stock worth $5,519,000 after purchasing an additional 8,668 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in Sealed Air by 156.4% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 42,876 shares of the industrial products company’s stock worth $1,834,000 after purchasing an additional 26,152 shares in the last quarter. Institutional investors and hedge funds own 94.07% of the company’s stock.

In other Sealed Air news, CFO James M. Sullivan bought 5,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were purchased at an average price of $38.75 per share, for a total transaction of $193,750.00. Following the transaction, the chief financial officer now directly owns 17,028 shares of the company’s stock, valued at approximately $659,835. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

SEE has been the topic of several recent research reports. Citigroup lowered their price objective on Sealed Air from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. KeyCorp upgraded Sealed Air from an “underweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th. They noted that the move was a valuation call. ValuEngine upgraded Sealed Air from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Sealed Air in a research report on Monday, November 18th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.29.

Shares of NYSE:SEE opened at $37.58 on Thursday. Sealed Air Corp has a 1 year low of $32.33 and a 1 year high of $47.13. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.37 and a beta of 1.01. The business’s 50 day moving average price is $39.60 and its 200-day moving average price is $41.63.

Sealed Air (NYSE:SEE) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Sealed Air had a negative return on equity of 135.60% and a net margin of 7.55%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, analysts forecast that Sealed Air Corp will post 2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.70%. Sealed Air’s dividend payout ratio (DPR) is 25.60%.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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

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