Jones Financial Companies Lllp Has $53,000 Stock Position in Sealed Air Co. (NYSE:SEE)

Jones Financial Companies Lllp lifted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 98.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,569 shares of the industrial products company’s stock after purchasing an additional 778 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sealed Air were worth $53,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Quarry LP increased its stake in shares of Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 311 shares during the last quarter. Choreo LLC boosted its holdings in shares of Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock worth $331,000 after buying an additional 351 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock worth $306,000 after buying an additional 375 shares during the period. Truist Financial Corp boosted its holdings in shares of Sealed Air by 3.3% during the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock worth $399,000 after buying an additional 377 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sealed Air by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock worth $326,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analysts Set New Price Targets

SEE has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a report on Tuesday, March 4th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, UBS Group increased their price target on shares of Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Sealed Air Price Performance

NYSE:SEE opened at $30.19 on Tuesday. The company has a 50-day moving average of $33.46 and a 200-day moving average of $34.68. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.10 and a beta of 1.32. Sealed Air Co. has a 52 week low of $29.33 and a 52 week high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. As a group, equities research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is currently 44.20%.

Insider Buying and Selling

In other news, Director Henry R. Keizer bought 1,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

About Sealed Air

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.