DekaBank Deutsche Girozentrale Has $2 Million Position in Sealed Air Corporation (SEE)
DekaBank Deutsche Girozentrale decreased its position in shares of Sealed Air Corporation (NYSE:SEE) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,658 shares of the industrial products company’s stock after selling 6,018 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Sealed Air Corporation were worth $1,997,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its stake 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 in the last quarter. TrimTabs Asset Management LLC bought a new stake in Sealed Air Corporation during the first quarter worth $109,000. Global X Management Co. LLC increased its stake in 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 worth $129,000 after buying an additional 687 shares during the last quarter. Pacer Advisors Inc. increased its stake in 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 worth $173,000 after buying an additional 116 shares during the last quarter. Finally, Sphera Funds Management LTD. increased its stake in Sealed Air Corporation by 28.6% in the first quarter. Sphera Funds Management LTD. now owns 4,500 shares of the industrial products company’s stock worth $196,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 90.70% of the company’s stock.
Sealed Air Corporation (SEE) opened at 44.96 on Monday. Sealed Air Corporation has a 12-month low of $41.74 and a 12-month high of $50.62. The firm has a market cap of $8.54 billion, a P/E ratio of 23.24 and a beta of 1.16. The firm has a 50-day moving average of $44.91 and a 200-day moving average of $45.05.
Sealed Air Corporation (NYSE:SEE) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, analysts expect that Sealed Air Corporation will post $1.82 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. Sealed Air Corporation’s payout ratio is 33.16%.
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A number of research firms have recently weighed in on SEE. TheStreet downgraded shares of Sealed Air Corporation from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Jefferies Group LLC decreased their price target on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. Credit Suisse Group set a $50.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation downgraded shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Tuesday, May 9th. One 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 stock presently has an average rating of “Hold” and an average target price of $49.27.
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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