MRJ Capital Inc. Has $1.77 Million Stock Holdings in Sealed Air Corp (NYSE:SEE)

MRJ Capital Inc. cut its holdings in Sealed Air Corp (NYSE:SEE) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,711 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. MRJ Capital Inc.’s holdings in Sealed Air were worth $1,772,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SEE. Motco acquired a new stake in shares of Sealed Air in the second quarter valued at $29,000. Doyle Wealth Management acquired a new stake in shares of Sealed Air in the second quarter valued at $40,000. CSat Investment Advisory L.P. increased its stake in shares of Sealed Air by 34.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,234 shares of the industrial products company’s stock valued at $53,000 after buying an additional 314 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of Sealed Air in the third quarter valued at $96,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Sealed Air by 51.4% in the second quarter. Rockefeller Capital Management L.P. now owns 2,894 shares of the industrial products company’s stock valued at $124,000 after buying an additional 983 shares in the last quarter. Institutional investors own 95.82% of the company’s stock.

SEE stock traded down $0.29 during midday trading on Wednesday, reaching $38.18. The stock had a trading volume of 65,988 shares, compared to its average volume of 1,361,797. The business has a fifty day simple moving average of $40.94 and a two-hundred day simple moving average of $42.37. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.45 and a beta of 1.07. Sealed Air Corp has a twelve month low of $32.33 and a twelve month high of $47.13.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Sealed Air had a negative return on equity of 135.60% and a net margin of 7.55%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. Equities analysts anticipate that Sealed Air Corp will post 2.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.64 dividend on an annualized basis and a yield of 1.68%. Sealed Air’s payout ratio is 25.60%.

SEE has been the subject of a number of research reports. Wells Fargo & Co lowered their target price on Sealed Air from $43.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, November 7th. KeyCorp upgraded Sealed Air from an “underweight” rating to a “sector weight” rating in a research note on Wednesday, November 6th. They noted that the move was a valuation call. Citigroup lowered their target price on Sealed Air from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, ValuEngine lowered Sealed Air from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Sealed Air currently has an average rating of “Hold” and an average price target of $42.96.

In other news, CFO James M. Sullivan acquired 5,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of $38.75 per share, for a total transaction of $193,750.00. Following the completion of the transaction, the chief financial officer now directly owns 17,028 shares in the company, valued at $659,835. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, 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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