Riverhead Capital Management LLC lessened its position in shares of Sealed Air Corporation (NYSE:SEE) by 15.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,618 shares of the industrial products company’s stock after selling 1,889 shares during the period. Riverhead Capital Management LLC’s holdings in Sealed Air Corporation were worth $475,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bridgewater Associates LP purchased a new stake in Sealed Air Corporation during the first quarter valued at about $1,230,000. Legal & General Group Plc boosted its position in shares of Sealed Air Corporation by 5.6% in the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock worth $42,485,000 after buying an additional 50,305 shares during the period. Morgan Stanley boosted its position in shares of Sealed Air Corporation by 47.7% in the first quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock worth $24,896,000 after buying an additional 184,503 shares during the period. Family Legacy Inc. purchased a new stake in shares of Sealed Air Corporation in the first quarter worth about $229,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Sealed Air Corporation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock worth $2,259,000 after buying an additional 8,547 shares during the period. 92.12% of the stock is owned by hedge funds and other institutional investors.

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In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the transaction, the director now owns 38,180 shares in the company, valued at $1,638,303.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.05% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on SEE shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 target price on shares of Sealed Air Corporation in a research report on Friday, June 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a research report on Friday, September 1st. BidaskClub raised Sealed Air Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 target price on shares of Sealed Air Corporation in a research report on Friday, August 11th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $45.00 target price on shares of Sealed Air Corporation in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.33.

Shares of Sealed Air Corporation (NYSE SEE) opened at 42.44 on Friday. Sealed Air Corporation has a 52 week low of $41.22 and a 52 week high of $50.62. The firm has a market cap of $8.06 billion, a PE ratio of 21.93 and a beta of 1.19. The firm’s 50-day moving average price is $44.13 and its 200 day moving average price is $44.40.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. Equities analysts anticipate that Sealed Air Corporation will post $1.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.

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 (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

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

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