Forward Air Corporation (NASDAQ:FWRD) Trading Down - Short Interest increased by 18.69%

The brokerage now has a buy rating on the industrial products company's stock. Pioneer Investment Management Inc. owned approximately 1.28% of Sealed Air Corporation worth $107,866,000 as of its most recent filing with the SEC. Andra Ap owns 0.03% invested in SINA Corp (NASDAQ:SINA) for 19,600 shares. Toronto Dominion Bank increased its stake in shares of Sealed Air Corporation by 77.2% in the first quarter. Insiders sold a total of 76,984 shares of company stock valued at $4,008,360 in the last quarter. Cardinal Capital Management boosted its stake in shares of Forward Air Corporation by 1.3% in the first quarter. Following the transaction, the chief accounting officer now owns 37,797 shares of the company's stock, valued at approximately $1,641,523.71. LLC raised its position in shares of Sealed Air Corporation by 30.4% in the first quarter. Associated Banc Corp now owns 6,203 shares of the industrial products company's stock worth $281,000 after buying an additional 43 shares during the last quarter. Commonwealth Bank of Australia boosted its position in shares of Sealed Air Corporation by 308.5% in the third quarter. Goldman Sachs Group Inc owns 534,400 shares valued at $25,421,000. Corporate insiders own 0.86% of the company's stock.

The share price of Sealed Air Corporation (NYSE:SEE) was down -0.69% during the last trading session, with a day high of 45.29. As of quarter end Morgan Stanley had acquired a total of 2,254 shares growing its holdings by 26.4%. Sealed Air Corporation has a 52-week low of 41.74 and a 52-week high of 50.62. The company has a 50 day moving average price of $51.98 and a 200 day moving average price of $49.34. The stock of Sealed Air Corp (NYSE:SEE) has "Overweight" rating given on Friday, January 8 by Barclays Capital.

Sealed Air Corporation (NYSE:SEE) last issued its earnings results on Tuesday, May 9th. The industrial products company reported $0.43 EPS for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.03. Sealed Air Corp New now has $8.73 billion valuation. Forward Air Corporation had a return on equity of 13.06% and a net margin of 2.88%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter previous year, the firm earned $0.50 earnings per share. The SMA 50/200 for Forward Air Corporation (NasdaqGS:FWRD) is now 1.07819.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. The stock declined 0.16% or $0.07 reaching $44.77 on the news. The ex-dividend date was set for Tuesday the 23rd of May 2017. This represents a $0.64 annualized dividend and a dividend yield of 1.42%. Sealed Air Corporation's dividend payout ratio (DPR) is 36.99%.

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SEE has been the subject of several research reports. Looking at this figure it suggests that the shares of Sealed Air Corporation (SEE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Sealed Air Corporation (SEE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The stock of Sealed Air Corp (NYSE:SEE) earned "Hold" rating by Jefferies on Wednesday, April 19. KeyCorp reiterated a "hold" rating on shares of Sealed Air Corporation in a research report on Friday, February 24th. Finally, TheStreet raised shares of Forward Air Corporation from a "c+" rating to a "b" rating in a research note on Monday, February 27th. The firm earned "Hold" rating on Thursday, July 14 by Jefferies. Cowen & Co maintained Forward Air Corporation (NASDAQ:FWRD) rating on Friday, October 23. Director C. Robert Campbell sold 1,718 shares at an average price of $52.99 on Thursday the 8th. Following the completion of the transaction, the insider now directly owns 148,077 shares in the company, valued at $6,380,637.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The shares were purchased at an average cost of $42.97 per share, for a total transaction of $299,071.20.

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