Amalgamated Bank Decreases Stake in Sealed Air Co. (NYSE:SEE)

Amalgamated Bank cut its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 29.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,724 shares of the industrial products company's stock after selling 19,387 shares during the period. Amalgamated Bank's holdings in Sealed Air were worth $1,660,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SEE. Allspring Global Investments Holdings LLC purchased a new position in Sealed Air during the first quarter worth $52,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sealed Air during the 1st quarter worth about $582,000. Janney Montgomery Scott LLC grew its holdings in Sealed Air by 9.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,334 shares of the industrial products company's stock valued at $942,000 after purchasing an additional 2,156 shares during the last quarter. SG Americas Securities LLC raised its position in Sealed Air by 17.3% in the 1st quarter. SG Americas Securities LLC now owns 24,894 shares of the industrial products company's stock worth $926,000 after purchasing an additional 3,672 shares during the period. Finally, Sei Investments Co. raised its position in Sealed Air by 2.4% in the 1st quarter. Sei Investments Co. now owns 247,892 shares of the industrial products company's stock worth $9,222,000 after purchasing an additional 5,750 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Stock Up 0.1 %

Shares of NYSE SEE traded up $0.02 during midday trading on Wednesday, reaching $35.60. 473,502 shares of the company's stock traded hands, compared to its average volume of 1,516,364. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 4.92 and a beta of 1.34. The stock's 50 day simple moving average is $35.38 and its 200-day simple moving average is $35.79. Sealed Air Co. has a one year low of $30.87 and a one year high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The company's quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Sealed Air Co. will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 annualized dividend and a yield of 2.25%. Sealed Air's dividend payout ratio (DPR) is 29.41%.

Analyst Ratings Changes

SEE has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on Sealed Air in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $39.00 target price on the stock. Jefferies Financial Group downgraded Sealed Air from a "buy" rating to a "hold" rating and cut their price objective for the company from $47.00 to $35.00 in a research report on Friday, August 9th. UBS Group decreased their target price on Sealed Air from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, July 17th. StockNews.com cut shares of Sealed Air from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

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.