Macquarie Group Ltd. Sells 900 Shares of Sealed Air Corp (SEE)

Macquarie Group Ltd. lowered its holdings in Sealed Air Corp (NYSE:SEE) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,700 shares of the industrial products company’s stock after selling 900 shares during the period. Macquarie Group Ltd.’s holdings in Sealed Air were worth $163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SEE. Bank of New York Mellon Corp lifted its position in Sealed Air by 26.4% during the third quarter. Bank of New York Mellon Corp now owns 3,068,358 shares of the industrial products company’s stock valued at $123,195,000 after purchasing an additional 640,351 shares in the last quarter. CI Investments Inc. lifted its position in Sealed Air by 7.1% during the third quarter. CI Investments Inc. now owns 529,450 shares of the industrial products company’s stock valued at $21,257,000 after purchasing an additional 35,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Sealed Air by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 989,665 shares of the industrial products company’s stock valued at $39,734,000 after purchasing an additional 83,557 shares in the last quarter. Franklin Resources Inc. lifted its position in Sealed Air by 44.2% during the third quarter. Franklin Resources Inc. now owns 9,819 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 3,011 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Sealed Air by 39.5% during the third quarter. LPL Financial LLC now owns 19,675 shares of the industrial products company’s stock valued at $790,000 after purchasing an additional 5,570 shares in the last quarter. 99.58% of the stock is currently owned by institutional investors.

Shares of Sealed Air stock opened at $46.40 on Wednesday. Sealed Air Corp has a 52 week low of $30.22 and a 52 week high of $47.13. The stock has a market capitalization of $7.23 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The business 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 revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. As a group, sell-side analysts predict that Sealed Air Corp will post 2.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.38%. Sealed Air’s dividend payout ratio is currently 25.60%.

SEE has been the topic of several research analyst reports. Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. TheStreet upgraded Sealed Air from a “d+” rating to a “c+” rating in a research report on Thursday, February 7th. ValuEngine upgraded Sealed Air from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. KeyCorp restated a “hold” rating on shares of Sealed Air in a research report on Thursday, February 7th. Finally, Vertical Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.40.

In other news, Director Harry A. Lawton III bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were bought at an average cost of $42.33 per share, for a total transaction of $42,330.00. Following the completion of the transaction, the director now owns 2,225 shares of the company’s stock, valued at $94,184.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

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Sealed Air Company Profile

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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