Sealed Air Corporation (SEE) Shares Bought by LLBH Private Wealth Management LLC
LLBH Private Wealth Management LLC increased its position in Sealed Air Corporation (NYSE:SEE) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,763 shares of the industrial products company’s stock after buying an additional 8 shares during the period. LLBH Private Wealth Management LLC’s holdings in Sealed Air Corporation were worth $213,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in SEE. Assetmark Inc. boosted its position in 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 period. TrimTabs Asset Management LLC acquired a new position in shares of Sealed Air Corporation during the first quarter valued at $109,000. Global X Management Co. LLC boosted its position in shares of Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Sealed Air Corporation by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after buying an additional 116 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Sealed Air Corporation during the second quarter valued at $201,000. 90.70% of the stock is currently owned by institutional investors.
Sealed Air Corporation (NYSE SEE) opened at 44.95 on Wednesday. Sealed Air Corporation has a 52-week low of $41.74 and a 52-week high of $50.62. The firm’s 50 day moving average is $44.91 and its 200 day moving average is $45.07. The company has a market cap of $8.54 billion, a PE ratio of 23.23 and a beta of 1.16.
Sealed Air Corporation (NYSE:SEE) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. Analysts forecast that Sealed Air Corporation will post $1.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.42%. Sealed Air Corporation’s dividend payout ratio is presently 33.16%.
Several brokerages recently weighed in on SEE. Bank of America Corporation cut shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Tuesday, May 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price target on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $49.27.
In other news, CAO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $43.43, for a total value of $130,290.00. Following the transaction, the chief accounting officer now owns 37,797 shares in the company, valued at $1,641,523.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.
About Sealed Air Corporation
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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