Sealed Air Corporation (NYSE:SEE) Short Interest Decreased By 9.77%

Bank of New York Mellon Corp now owns 2,052,534 shares of the industrial products company's stock valued at $101,189,000 after acquiring an additional 481,996 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Sealed Air by 10.6% during the third quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Sealed Air by 152.4% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,962,533 shares of the industrial products company's stock valued at $146,053,000 after buying an additional 1,884,070 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Sealed Air by 35.6% during the fourth quarter. Ameriprise Financial Inc. boosted its holdings in shares of Sealed Air by 10.6% during the 3rd quarter. Schroder Investment Management Group now owns 2,115,061 shares of the industrial products company's stock worth $104,273,000 after purchasing an additional 136,402 shares during the period. Finally, Impax Asset Management LTD increased its holdings in shares of Sealed Air by 5.2% during the fourth quarter.

The stock of Sealed Air Corporation (SEE) shows a multiple bottoms pattern with $40.63 target or 9.00 % below today's $44.65 share price. Bank of America set a $59.00 price objective on shares of Sealed Air and gave the company a buy rating in a research note on Friday, February 9th. Zacks Investment Research upgraded Sealed Air from a "sell" rating to a "hold" rating in a research report on Monday, November 13th. TheStreet lowered Sealed Air from a "b" rating to a "c" rating in a research note on Thursday, February 8th. Finally, KeyCorp reaffirmed a hold rating on shares of Sealed Air in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Sealed Air has a consensus rating of "Hold" and a consensus target price of $50.31.

Sealed Air Corp (NYSE SEE) traded up $0.85 during trading hours on Friday, reaching $44.65. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.35 and a quick ratio of 0.99. Sealed Air Corporation had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The company has a market capitalization of $8,050.00, a price-to-earnings ratio of 81.09, a P/E/G ratio of 1.69 and a beta of 1.19.

Sealed Air Corporation (NYSE:SEE) has declined 6.94% since March 11, 2017 and is downtrending. Analysts are forecasting earnings of $0.51 on a per share basis this quarter. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. They expect $0.50 earnings per share, up 16.28 % or $0.07 from last year's $0.43 per share. "Sells 252,593 Shares of Sealed Air Corp (SEE)" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Stockholders of record on Friday, March 2nd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 1st. Sealed Air Corp (NYSE:SEE)'s price to earnings ratio stood at 80.89.

In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the business's stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the transaction, the chief financial officer now directly owns 34,797 shares of the company's stock, valued at $1,704,357.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and worldwide copyright and trademark legislation. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of United States & global copyright and trademark legislation.

Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide.

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