ETRADE Capital Management LLC Acquires Shares of 18,162 Sealed Air Corp (SEE)

ETRADE Capital Management LLC acquired a new position in shares of Sealed Air Corp (NYSE:SEE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 18,162 shares of the industrial products company’s stock, valued at approximately $633,000.

A number of other hedge funds also recently modified their holdings of the business. Doyle Wealth Management acquired a new stake in shares of Sealed Air in the fourth quarter valued at approximately $32,000. Essex Savings Bank acquired a new stake in shares of Sealed Air in the fourth quarter valued at approximately $35,000. Massey Quick Simon & CO. LLC raised its position in shares of Sealed Air by 50.0% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 2,311 shares of the industrial products company’s stock valued at $81,000 after buying an additional 770 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Sealed Air by 364.0% in the third quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock valued at $111,000 after buying an additional 2,177 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Sealed Air in the third quarter valued at approximately $140,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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SEE has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of Sealed Air in a research report on Wednesday, January 16th. They issued an “equal weight” rating and a $38.00 price target for the company. Bank of America upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Friday, December 14th. ValuEngine upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. BMO Capital Markets upgraded shares of Sealed Air from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, December 18th. They noted that the move was a valuation call. Finally, UBS Group reiterated a “sell” rating on shares of Sealed Air in a research report on Sunday, December 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Sealed Air presently has a consensus rating of “Hold” and a consensus price target of $43.40.

Shares of NYSE:SEE opened at $44.02 on Monday. The company has a market capitalization of $6.76 billion, a P/E ratio of 17.61, a PEG ratio of 1.79 and a beta of 1.13. Sealed Air Corp has a 1 year low of $30.22 and a 1 year high of $46.21.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. On average, equities analysts anticipate that Sealed Air Corp will post 2.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%. Sealed Air’s dividend payout ratio (DPR) is 25.60%.

In other news, SVP Emile Z. Chammas acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were acquired at an average cost of $33.40 per share, with a total value of $167,000.00. Following the completion of the purchase, the senior vice president now directly owns 169,509 shares of the company’s stock, valued at approximately $5,661,600.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry A. Lawton III acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average cost of $42.33 per share, for a total transaction of $42,330.00. Following the completion of the purchase, the director now directly owns 2,225 shares of the company’s stock, valued at $94,184.25. The disclosure for this purchase can be found here. Insiders purchased 13,500 shares of company stock worth $462,455 over the last three months. 0.63% of the stock is currently owned by insiders.

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Sealed Air 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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