Marshall Wace North America LP Invests $79.53 Million in Sealed Air Corporation

Bruno Cirelli
Luglio 16, 2017

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.

Other large investors also recently added to or reduced their stakes in the company. KCG Holdings Inc.'s holdings in Sealed Air Corporation were worth $1,626,000 as of its most recent filing with the SEC. Assetmark Inc. now owns 2,444 shares of the industrial products company's stock valued at $107,000 after buying an additional 25 shares during the last quarter. Denali Advisors LLC increased its stake in Air Lease Corporation by 817.5% in the first quarter. Royce & Associates LP now owns 1,909,500 shares of the transportation company's stock worth $65,553,000 after buying an additional 98,679 shares in the last quarter. LSV Asset Management raised its stake in Air Lease Corporation by 797.6% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 24,422 shares of the transportation company's stock valued at $946,000 after buying an additional 22,545 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Sealed Air Corporation by 19.3% in the fourth quarter. Associated Banc Corp now owns 6,203 shares of the industrial products company's stock valued at $281,000 after buying an additional 43 shares during the last quarter.

09/13/2016 - JP Morgan began new coverage on Sealed Air Corporation giving the company a " rating. State Board of Administration of Florida Retirement System now owns 132,531 shares of the transportation company's stock worth $4,550,000 after buying an additional 1,105 shares during the period.

The share price of the company (NYSE:SEE) was down -0.04% during the last trading session, with a high of 46.23 and the volume of Sealed Air Corporation shares traded was 1067493. The stock has a market capitalization of $3.99 billion, a P/E ratio of 11.52 and a beta of 1.78. The firm has a 50-day moving average of $37.43 and a 200-day moving average of $37.25. RBC Capital Markets downgraded it to "Sector Perform" rating and $44 target in Thursday, May 11 report. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.03.

Several research firms have recently commented on AL. Jefferies maintained Sealed Air Corp (NYSE:SEE) on Thursday, July 14 with "Hold" rating. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period past year, the company posted $0.50 earnings per share. Equities analysts expect that Sealed Air Corp will post $1.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, September 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corp New now has $8.82 billion valuation.

COPYRIGHT VIOLATION WARNING: This story was originally reported by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark legislation. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/07/14/air-lease-corporation-nyseal-evp-grant-a-levy-sells-27854-shares.html. The stock of Sealed Air Corp (NYSE:SEE) earned "Buy" rating by Citigroup on Friday, July 15. Royal Bank Of Canada reissued a "buy" rating and set a $55.00 target price on shares of Sealed Air Corporation in a report on Tuesday, March 21st. Roystone Capital Management Lp sold 1.22 million shares as Sealed Air Corp New (SEE)'s stock declined 9.02%. The rating was downgraded by Goldman Sachs to "Buy" on Wednesday, April 5. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sealed Air Corp has a consensus rating of "Hold" and a consensus target price of $49.09.

In other news, insider Jerome A. Peribere purchased 6,960 shares of the company's stock in a transaction that occurred on Friday, May 12th. Following the completion of the transaction, the insider now owns 199,000 shares in the company, valued at $8,551,030. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Emile Z. Chammas purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of $43.09 per share, with a total value of $129,270.00. The stock declined 0.89% or $0.41 reaching $45.43 per share. The disclosure for this purchase can be found here. Institutional investors own 92.11% of the company's stock.

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