03 June, 2017
Sealed Air Corp (NYSE:SEE) has grabbed the attention from analysts, when it saw a value increase of 0.75% or 0.33 points in the last trading session. The institutional investor owned 3,400 shares of the transportation company's stock after selling 300 shares during the period. Swiss National Bank owned about 0.16% of Air Lease Corp worth $6,231,000 as of its most recent filing with the SEC. It turned negative, as 28 investors sold AL shares while 83 reduced holdings. Royce & Associates LP increased its position in Air Lease Corp by 5.4% in the fourth quarter. Inc. now owns 2,778,694 shares of the industrial products company's stock worth $127,320,000 after buying an additional 611,323 shares in the last quarter. Air Lease Corp's dividend payout ratio is now 9.12%. Following the completion of the transaction, the executive vice president now owns 88,410 shares of the company's stock, valued at approximately $3,359,580. Northern Trust Corp now owns 2,439,905 shares of the industrial products company's stock worth $111,797,000 after buying an additional 21,101 shares in the last quarter. BlackRock Fund Advisors now owns 992,142 shares of the transportation company's stock valued at $28,355,000 after buying an additional 28,051 shares during the last quarter. About shares traded. Sealed Air Corp (NYSE:SEE) has declined 6.94% since May 30, 2016 and is downtrending. Its up 25.69% from 3.02 million shares, reported previously.
US based company, Sealed Air Corporation (SEE)'s latest closing price distance was -2.80% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 1.75% and 1.67% compared with the 20 Day Moving Average. About 968,729 shares traded.
Sealed Air Corp has raised its dividend payment by an average of 5.5% annually over the last three years. The stock's 50-day moving average price is $43.75 and its 200-day moving average price is $46.04. The firm has a market cap of $3.73 billion, a PE ratio of 10.77 and a beta of 1.60. On Wednesday, July 13 the stock rating was initiated by SunTrust with "Buy". Investors of record on Wednesday, June 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. The stock decreased 1.33% or $0.09 on May 26, reaching $6.7. Air Lease Corp's dividend payout ratio is now 9.12%. World Asset Management Inc raised its position in Sealed Air Corp by 1.5% in the third quarter.
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Several equities research analysts recently weighed in on AL shares. Royal Bank of Canada restated a "buy" rating and issued a $55.00 price target on shares of Sealed Air Corp in a research report on Tuesday, March 21st. FBR & Co decreased their target price on Air Lease Corp from $47.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, May 5th. Goldman Sachs initiated Sealed Air Corp (NYSE:SEE) on Thursday, May 12 with "Buy" rating. Zacks Investment Research upgraded Sealed Air Corp from a "sell" rating to a "hold" rating in a research note on Tuesday, April 11th. RBC Capital Markets maintained the shares of AL in report on Friday, August 7 with "Top Pick" rating. RBC Capital Markets downgraded Sealed Air Corp (NYSE:SEE) rating on Thursday, May 11.
RBC Capital now has a $77.0000 target on shares of Air Lease (NYSE:AL). Sealed Air Corp now has a consensus rating of "Hold" and a consensus target price of $48.50. Insiders have sold a total of 35,959 shares of company stock worth $1,404,957 over the last 90 days. The fund bought 2,585 shares of the transportation company's stock, valued at approximately $100,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
EVP, Poerschke John D, sold 3,959 common shares of Air Lease Corporation (AL) in the open market. The stock was purchased at an average cost of $42.97 per share, for a total transaction of $299,071.20. Following the transaction, the chief accounting officer now owns 37,797 shares in the company, valued at $1,641,523.71. The disclosure for this purchase can be found here. 30,000 shares were sold by Chen Jie, worth $1.17 million on Thursday, March 16. Insiders own 9.45% of the company's stock. Looking at this figure it suggests that the shares of Air Lease Corporation (AL) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Air Lease Corporation (AL) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
