Sealed Air Co. (NYSE:SEE) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 80.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,634 shares of the industrial products company's stock after selling 42,552 shares during the quarter. Quantbot Technologies LP's holdings in Sealed Air were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. purchased a new position in Sealed Air in the third quarter valued at $139,800,000. Swedbank AB acquired a new stake in shares of Sealed Air during the third quarter worth about $53,681,000. Millennium Management LLC boosted its stake in shares of Sealed Air by 38.2% during the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company's stock worth $143,136,000 after buying an additional 1,136,985 shares during the period. Appian Way Asset Management LP boosted its stake in shares of Sealed Air by 68.1% during the second quarter. Appian Way Asset Management LP now owns 1,349,857 shares of the industrial products company's stock worth $46,962,000 after buying an additional 546,701 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Sealed Air by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company's stock worth $58,587,000 after buying an additional 502,999 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

Analysts Set New Price Targets

SEE has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, August 9th. StockNews.com cut shares of Sealed Air from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Sealed Air from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target for the company in a report on Thursday, October 17th. Finally, Morgan Stanley assumed coverage on shares of Sealed Air in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 target price for the company. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Sealed Air Price Performance

Shares of SEE traded up $0.65 during mid-day trading on Wednesday, reaching $37.30. 1,215,212 shares of the company's stock were exchanged, compared to its average volume of 1,504,063. 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 50-day simple moving average of $35.88 and a two-hundred day simple moving average of $35.76. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 5.06 and a beta of 1.34.

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

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 yield of 2.14%. 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.