Zurich Insurance Group Ltd FI boosted its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 57.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,852 shares of the industrial products company’s stock after buying an additional 12,402 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Sealed Air Corporation were worth $1,515,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SEE. BlackRock Inc. lifted its holdings in Sealed Air Corporation by 3,073.2% during the 1st quarter. BlackRock Inc. now owns 12,040,099 shares of the industrial products company’s stock worth $524,706,000 after buying an additional 11,660,671 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Sealed Air Corporation by 199.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after buying an additional 3,059,792 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Sealed Air Corporation by 245.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock worth $187,604,000 after buying an additional 2,977,854 shares in the last quarter. Manning & Napier Advisors LLC lifted its holdings in Sealed Air Corporation by 5,650.5% during the 2nd quarter. Manning & Napier Advisors LLC now owns 2,506,945 shares of the industrial products company’s stock worth $112,209,000 after buying an additional 2,463,350 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Sealed Air Corporation during the 1st quarter worth approximately $79,531,000. Institutional investors own 92.12% of the company’s stock.

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Shares of Sealed Air Corporation (NYSE:SEE) opened at 44.16 on Friday. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 22.82 and a beta of 1.17. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The stock has a 50 day moving average of $43.64 and a 200-day moving average of $44.20.

Sealed Air Corporation (NYSE:SEE) last posted 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). Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Sealed Air Corporation will post $1.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.16 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.45%. Sealed Air Corporation’s dividend payout ratio is presently 33.16%.

In related news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the sale, the director now directly owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.05% of the company’s stock.

A number of research firms have issued reports on SEE. Zacks Investment Research lowered shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub lowered shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BMO Capital Markets reiterated a “hold” rating and set a $47.00 target price on shares of Sealed Air Corporation in a report on Thursday, July 20th. Royal Bank Of Canada reiterated a “hold” rating and set a $44.00 target price on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $45.00 target price on shares of Sealed Air Corporation in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Sealed Air Corporation has an average rating of “Hold” and an average target price of $48.33.

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 (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 Corporation (NYSE:SEE)

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