Texas Permanent School Fund Has $1.43 Million Holdings in Sealed Air Corp (SEE)

Texas Permanent School Fund trimmed its position in shares of Sealed Air Corp (NYSE:SEE) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,652 shares of the industrial products company’s stock after selling 3,676 shares during the period. Texas Permanent School Fund’s holdings in Sealed Air were worth $1,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SEE. LPL Financial LLC boosted its stake in Sealed Air by 71.8% during the 1st quarter. LPL Financial LLC now owns 10,508 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 4,391 shares during the period. Principal Financial Group Inc. boosted its stake in Sealed Air by 5.1% during the 1st quarter. Principal Financial Group Inc. now owns 396,802 shares of the industrial products company’s stock valued at $16,980,000 after purchasing an additional 19,220 shares during the period. IFM Investors Pty Ltd boosted its stake in Sealed Air by 31.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 1,916 shares during the period. State of Alaska Department of Revenue boosted its stake in Sealed Air by 10.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 44,377 shares of the industrial products company’s stock valued at $1,882,000 after purchasing an additional 4,110 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in Sealed Air by 9.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 32,429 shares of the industrial products company’s stock valued at $1,377,000 after purchasing an additional 2,900 shares during the period. 95.60% of the stock is owned by hedge funds and other institutional investors.

SEE stock opened at $35.35 on Friday. Sealed Air Corp has a 52 week low of $30.22 and a 52 week high of $49.94. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.20 and a beta of 1.24.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.46 EPS. Sealed Air’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Sealed Air Corp will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. Sealed Air’s dividend payout ratio (DPR) is 35.36%.

In other Sealed Air news, Director Jerry R. Whitaker bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the acquisition, the director now directly owns 8,021 shares of the company’s stock, valued at $319,316.01. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward L. Doheny II bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average price of $39.65 per share, for a total transaction of $198,250.00. Following the completion of the acquisition, the insider now directly owns 78,145 shares in the company, valued at $3,098,449.25. The disclosure for this purchase can be found here. 0.63% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Sealed Air from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. KeyCorp reissued a “hold” rating on shares of Sealed Air in a research note on Thursday, August 2nd. Barclays dropped their price target on shares of Sealed Air from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 9th. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Robert W. Baird dropped their price target on shares of Sealed Air from $55.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Sealed Air presently has an average rating of “Hold” and an average target price of $45.55.

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Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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

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