Mason Street Advisors LLC bought a new position in Sealed Air Corp. (NYSE:SEE) during the second quarter, Holdings Channel reports. The firm bought 26,554 shares of the company’s stock, valued at approximately $1,221,000.

A number of other institutional investors have also modified their holdings of the company. Calvert Investment Management Inc. raised its position in shares of Sealed Air Corp. by 36.9% in the second quarter. Calvert Investment Management Inc. now owns 26,452 shares of the company’s stock worth $1,216,000 after buying an additional 7,131 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Sealed Air Corp. by 7.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,356 shares of the company’s stock worth $2,223,000 after buying an additional 3,168 shares in the last quarter. Amalgamated Bank raised its position in shares of Sealed Air Corp. by 40.4% in the second quarter. Amalgamated Bank now owns 34,620 shares of the company’s stock worth $1,632,000 after buying an additional 9,956 shares in the last quarter. American Century Companies Inc. raised its position in shares of Sealed Air Corp. by 56.2% in the second quarter. American Century Companies Inc. now owns 99,775 shares of the company’s stock worth $4,587,000 after buying an additional 35,902 shares in the last quarter. Finally, FDx Advisors Inc. raised its position in shares of Sealed Air Corp. by 151.5% in the second quarter. FDx Advisors Inc. now owns 12,873 shares of the company’s stock worth $592,000 after buying an additional 7,755 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Sealed Air Corp. (NYSE:SEE) opened at 46.26 on Friday. Sealed Air Corp. has a 1-year low of $38.02 and a 1-year high of $52.83. The stock has a market capitalization of $9.10 billion, a P/E ratio of 26.37 and a beta of 1.23. The firm’s 50 day moving average is $46.74 and its 200 day moving average is $47.42.

Sealed Air Corp. (NYSE:SEE) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Sealed Air Corp. had a net margin of 5.16% and a return on equity of 98.51%. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Sealed Air Corp. will post $2.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, August 31st. Sealed Air Corp.’s payout ratio is currently 36.57%.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Sealed Air Corp. in a research report on Tuesday, September 13th. They set a “neutral” rating and a $53.00 target price for the company. Credit Suisse Group AG restated an “outperform” rating and issued a $59.00 price objective on shares of Sealed Air Corp. in a research report on Thursday, September 8th. BMO Capital Markets restated a “hold” rating and issued a $50.00 price objective on shares of Sealed Air Corp. in a research report on Friday, July 29th. Jefferies Group cut their price objective on shares of Sealed Air Corp. from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Finally, Zacks Investment Research upgraded shares of Sealed Air Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Sealed Air Corp. presently has an average rating of “Buy” and a consensus target price of $53.42.

Sealed Air Corp. 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, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions.

5 Day Chart for NYSE:SEE

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