Sealed Air Corporation (SEE) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in Sealed Air Corporation (NYSE:SEE) by 16.9% during the first quarter, Holdings Channel reports. The fund owned 31,766 shares of the industrial products company’s stock after selling 6,456 shares during the period. Amalgamated Bank’s holdings in Sealed Air Corporation were worth $1,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Sealed Air Corporation during the fourth quarter valued at $2,905,000. Ladenburg Thalmann Financial Services Inc. increased its position in Sealed Air Corporation by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,571 shares of the industrial products company’s stock valued at $163,000 after buying an additional 578 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Sealed Air Corporation during the fourth quarter valued at $29,435,000. Baldwin Brothers Inc. MA increased its position in Sealed Air Corporation by 61,387.8% in the first quarter. Baldwin Brothers Inc. MA now owns 180,774 shares of the industrial products company’s stock valued at $7,878,000 after buying an additional 180,480 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Sealed Air Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,788,451 shares of the industrial products company’s stock valued at $77,943,000 after buying an additional 23,184 shares during the last quarter. Institutional investors own 90.53% of the company’s stock.

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

Shares of Sealed Air Corporation (SEE) traded down 0.519% during mid-day trading on Tuesday, reaching $45.065. The company had a trading volume of 1,012,999 shares. The stock has a market capitalization of $8.82 billion, a P/E ratio of 25.899 and a beta of 1.13. The firm has a 50 day moving average of $44.24 and a 200-day moving average of $45.79. Sealed Air Corporation has a one year low of $41.74 and a one year high of $50.62.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.03. Sealed Air Corporation had a net margin of 5.48% and a return on equity of 85.72%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts forecast that Sealed Air Corporation will post $1.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, May 31st. Sealed Air Corporation’s dividend payout ratio is presently 36.99%.

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SEE has been the subject of several research reports. Zacks Investment Research downgraded Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price target on shares of Sealed Air Corporation in a research note on Tuesday, April 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a research note on Tuesday, March 21st. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price target (down previously from $50.00) on shares of Sealed Air Corporation in a research note on Tuesday, March 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Sealed Air Corporation in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $49.09.

In other Sealed Air Corporation news, CAO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the sale, the chief accounting officer now owns 37,797 shares of the company’s stock, valued at $1,641,523.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jerome A. Peribere purchased 6,960 shares of the business’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $42.97 per share, with a total value of $299,071.20. Following the acquisition, the insider now directly owns 199,000 shares of the company’s stock, valued at approximately $8,551,030. The disclosure for this purchase can be found here. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SEE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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