Sealed Air Corp (SEE) : Anchor Bolt Capital Lp reduced its stake in Sealed Air Corp by 4.7% during the Q4 period. The investment management company now holds a total of 699,720 shares of Sealed Air Corp which is valued at $32.9 Million after selling 34,481 shares in Sealed Air Corp according to the most recent disclosure to the SEC.Sealed Air Corp makes up approximately 0.85% of Anchor Bolt Capital Lp’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd added SEE to its portfolio by purchasing 17,646 company shares during the Fourth Quarter which is valued at $830,950. Sealed Air Corp makes up approx 0.05% of Bluecrest Capital Management Ltd’s portfolio.Baird Financial Group reduced its stake in SEE by selling 47,902 shares or 27.64% during the fourth quarter. The Hedge Fund company now holds 125,390 shares of SEE which is valued at $5.9 Million. Sealed Air Corp makes up approx 0.06% of Baird Financial Group’s portfolio.Freestone Capital Holdings boosted its stake in SEE during the Q4 period, The investment management firm added 2,422 additional shares and now holds a total of 11,720 shares of Sealed Air Corp which is valued at $551,895. Sealed Air Corp makes up approx 0.06% of Freestone Capital Holdings’s portfolio.Ls Investment Advisors reduced its stake in SEE by selling 3,053 shares or 1.2% during the fourth quarter. The Hedge Fund company now holds 251,061 shares of SEE which is valued at $11.8 Million. Sealed Air Corp makes up approx 0.91% of Ls Investment Advisors’s portfolio.
On the company’s financial health, Sealed Air Corp reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.50. The company had revenue of $1753.90 million for the quarter, compared to analysts expectations of $1767.69 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.
Investors should note that on Mar 21, 2016, Sealed Air Corp announced a cash dividend of $0.1600. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 2016.
Many Wall Street Analysts have commented on Sealed Air Corp. RBC Capital Mkts Initiated Sealed Air Corp on Feb 19, 2016 to “Outperform”, Price Target of the shares are set at $53.Sealed Air Corp was Upgraded by BofA/Merrill to ” Buy” on Feb 19, 2016. Sealed Air Corp was Upgraded by Barclays to ” Overweight” on Jan 8, 2016.
Sealed Air Corp opened for trading at $48.67 and hit $48.96 on the upside on Monday, eventually ending the session at $48.66, with a gain of 0.35% or 0.17 points. The heightened volatility saw the trading volume jump to 9,52,174 shares. Company has a market cap of $9,537 M.
Sealed Air Corporation is engaged in food safety and security facility hygiene and product protection business. The Company’s segments include Food Care which provides integrated system solutions for retailers and food service operators; Diversey Care which provides integrated system solutions for food safety and security under Diversey brand; Product Care which provides product care solutions to meet cushioning void fill positioning or block-and-bracing and surface protection among others and Other which includes corporate medical applications and new ventures businesses. Its brands include Cryovac packaging technology Diversey and Taski brand cleaning and hygiene solutions Bubble Wrap brand cushioning Jiffy protective mailers and Instapak foam-in-place systems. In addition the Company offers I-Pack system which supports various pick stations and e-Cube system which is an automated packaging solution.