Centiva Capital LP Takes Position in Sealed Air Co. (NYSE:SEE)

Centiva Capital LP acquired a new stake in Sealed Air Co. (NYSE:SEE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 32,400 shares of the industrial products company's stock, valued at approximately $1,176,000.

A number of other hedge funds have also modified their holdings of the stock. Empowered Funds LLC bought a new stake in Sealed Air in the third quarter valued at $1,497,000. Deprince Race & Zollo Inc. grew its holdings in shares of Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company's stock worth $64,571,000 after purchasing an additional 24,940 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Sealed Air during the 2nd quarter worth about $2,098,000. Commerce Bank boosted its position in Sealed Air by 67.6% in the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company's stock valued at $1,329,000 after buying an additional 14,766 shares in the last quarter. Finally, Atria Investments Inc bought a new stake in Sealed Air during the first quarter worth about $1,054,000. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEE has been the topic of several recent analyst reports. StockNews.com downgraded Sealed Air from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. decreased their target price on Sealed Air from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group downgraded shares of Sealed Air from a "buy" rating to a "hold" rating and reduced their price target for the stock from $47.00 to $35.00 in a research report on Friday, August 9th. Morgan Stanley started coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 price objective for the company. Finally, Royal Bank of Canada reduced 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 report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Sealed Air Trading Down 2.3 %

Shares of NYSE:SEE traded down $0.87 during midday trading on Thursday, hitting $36.43. The company had a trading volume of 1,765,226 shares, compared to its average volume of 1,505,176. The firm has a fifty day simple moving average of $35.93 and a 200 day simple moving average of $35.77. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 5.07 and a beta of 1.34. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12 month low of $30.87 and a 12 month high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the business posted $0.77 EPS. Sealed Air's 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 year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.20%. Sealed Air's dividend payout ratio is 29.41%.

Sealed Air Company 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.