Sealed Air Sees Unusually High Options Volume (SEE)

Sealed Air Corporation (NYSE:SEE) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 12,057 call options on the company. This represents an increase of 1,923% compared to the average daily volume of 596 call options.

Several brokerages have recently commented on SEE. SunTrust Banks set a $48.00 target price on shares of Sealed Air and gave the company a “buy” rating in a research note on Sunday, September 10th. Barclays upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $46.00 to $53.00 in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research report on Monday, October 2nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $47.00 target price on shares of Sealed Air in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.42.

In related news, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction 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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in shares of Sealed Air by 10.8% in the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after buying an additional 769 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sealed Air by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after buying an additional 20,144 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Sealed Air by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after buying an additional 50,305 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Sealed Air by 20.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 8,547 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Sealed Air by 1,672.6% in the 2nd quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock valued at $27,599,000 after buying an additional 581,819 shares during the last quarter. 92.94% of the stock is owned by institutional investors.

Sealed Air (NYSE SEE) traded up $0.12 during midday trading on Tuesday, reaching $49.42. The company had a trading volume of 1,837,236 shares, compared to its average volume of 1,588,750. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. The company has a market cap of $8,893.05, a PE ratio of 9.41, a price-to-earnings-growth ratio of 6.83 and a beta of 1.24.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. analysts anticipate that Sealed Air will post 1.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. Sealed Air’s dividend payout ratio is currently 12.19%.

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Sealed Air Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

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