Sealed Air Corporation (SEE) Insider Emile Z. Chammas Purchases 3000 Shares

Xavier Trudeau
Juin 19, 2017

The company was initiated on Wednesday, July 13 by SunTrust. Jefferies Group LLC restated a "neutral" rating and issued a $45.00 target price on shares of Sealed Air Corporation in a research report on Wednesday, March 1st. The rating was initiated by Goldman Sachs with "Buy" on Thursday, May 12. Bank of America Corporation downgraded shares of Sealed Air Corporation from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company.in a research note on Tuesday, May 9th.

On July 23 Macquarie maintained a stock rating of "Neutral" and moved down the price target to $54.00 from $57.00. The price index of Forward Air Corporation (NasdaqGS:FWRD) for last month was 1.04398. Sealed Air Corporation had 20 analyst reports since August 4, 2015 according to SRatingsIntel.

More important recent Sealed Air Corp (NYSE:SEE) news were published by: Prnewswire.com which released: "Braskem, Sealed Air and Naturepedic partner to bring renewable foam ..." on May 23, 2017, also Bizjournals.com published article titled: "Sealed Air "sets record" for corporate relocations to Charlotte (PHOTOS)", Zacks.com published: "Sealed Air (SEE) Up 2.12% Since Earnings Report: Can It Continue?" on June 14, 2017. If the Golden Cross is less than 1, then the 50 day moving average is below the 200 day moving average, indicating that the price might drop.

On May 24 the stock rating was upgraded to "Outperform" from " by analysts at RBC Capital.

08/23/2016 - UBS began new coverage on Sealed Air Corporation giving the company a "buy" rating. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.03. Sealed Air Corporation had a return on equity of 85.72% and a net margin of 5.48%. The stock's market capitalization is 8.78B. In the latest earnings report the EPS was $0.94 and is projected to be $2.32 for the current year with 30,214,000 shares outstanding. The firm's revenue for the quarter was up 7.6% on a year-over-year basis.

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02/19/2015 - Sealed Air Corporation was upgraded to "buy" by analysts at Vertical Research.

The stock subtracted in the prior trading session by -0.69%, closing at the stock price of $44.84. The dividend payment was $0.150 per share for the quarter which is $0.60 annualized. The ex-dividend date of this dividend was Wednesday, May 31st. Forward Air Corporation's dividend payout ratio (DPR) is now 63.16%. Following the sale, the chief accounting officer now directly owns 37,797 shares in the company, valued at approximately $1,641,523.71. Director C. Robert Campbell sold 1,718 shares at an average price of $52.99 on Thursday the 8th. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

In other news, insider Emile Z. Chammas bought 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $52.20, for a total value of $419,583.60. Roystone Capital Management Lp sold 1.22 million shares as Sealed Air Corp New (SEE)'s stock declined 9.02%. The disclosure for this purchase can be found here.

Several institutional investors have recently bought and sold shares of SEE. Finally, Conning Inc. raised its stake in Sealed Air Corporation by 1.5% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company's stock worth $107,000 after buying an additional 25 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Sealed Air Corporation by 77.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sealed Air Corporation by 29.5% in the first quarter. LLC now owns 2,950 shares of the industrial products company's stock worth $129,000 after buying an additional 687 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Sealed Air Corporation by 308.5% in the third quarter. Ameriprise Financial Inc. owned 0.79% of Sealed Air Corporation worth $66,239,000 at the end of the most recent reporting period.

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