Atria Investments Inc Sells 3,678 Shares of Sealed Air Co. (NYSE:SEE)

Atria Investments Inc reduced its position in Sealed Air Co. (NYSE:SEE) by 9.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,979 shares of the industrial products company’s stock after selling 3,678 shares during the quarter. Atria Investments Inc’s holdings in Sealed Air were worth $1,233,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SEE. Swedbank AB bought a new position in shares of Sealed Air in the third quarter valued at approximately $53,681,000. Millennium Management LLC boosted its position in shares of Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after acquiring an additional 1,136,985 shares during the period. Appian Way Asset Management LP purchased a new stake in Sealed Air in the first quarter valued at approximately $29,877,000. Vanguard Group Inc. raised its stake in Sealed Air by 3.7% in the first quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after purchasing an additional 600,146 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Sealed Air by 33.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after purchasing an additional 479,675 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SEE has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their target price on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company raised their target price on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Stock Up 0.6 %

Shares of NYSE SEE opened at $35.86 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The firm’s fifty day moving average is $35.48 and its 200 day moving average is $35.85. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 4.93 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. On average, equities research analysts expect that Sealed Air Co. will post 3.07 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is currently 29.41%.

Sealed Air Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.