Sealed Air Co. (NYSE:SEE) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its holdings in Sealed Air Co. (NYSE:SEE) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,513 shares of the industrial products company’s stock after selling 2,316 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sealed Air were worth $1,538,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Manchester Capital Management LLC increased its holdings in shares of Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air during the 4th quarter valued at about $45,000. GAMMA Investing LLC raised its position in shares of Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after buying an additional 907 shares in the last quarter. Quarry LP boosted its holdings in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 311 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Sealed Air by 20.1% during the third quarter. KBC Group NV now owns 4,595 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 769 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

NYSE:SEE opened at $32.13 on Tuesday. The firm’s 50-day moving average is $34.17 and its 200-day moving average is $34.90. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 11.81 and a beta of 1.34. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.49%. Sealed Air’s dividend payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SEE. UBS Group dropped their price objective on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America cut their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Truist Financial upped their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley cut their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Sealed Air Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.