American Century Companies Inc. Has $5.08 Million Position in Sealed Air Co. (NYSE:SEE)

American Century Companies Inc. raised its position in Sealed Air Co. (NYSE:SEE) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,019 shares of the industrial products company’s stock after buying an additional 18,221 shares during the quarter. American Century Companies Inc. owned about 0.10% of Sealed Air worth $5,075,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SEE. Manchester Capital Management LLC lifted its position in shares of Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after buying an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sealed Air in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC grew its holdings 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 valued at $45,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 778 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SEE. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Mizuho reduced their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Truist Financial increased their target price on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Bank of America reduced their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Sealed Air Stock Down 10.0 %

Shares of NYSE SEE opened at $24.39 on Friday. The company’s 50 day moving average price is $31.89 and its 200-day moving average price is $34.17. 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 Co. has a 52-week low of $24.35 and a 52-week high of $41.14. The company has a market capitalization of $3.55 billion, a P/E ratio of 8.97 and a beta of 1.32.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. Sealed Air’s revenue for the quarter was down .4% on a year-over-year basis. Equities analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.28%. Sealed Air’s payout ratio is currently 44.20%.

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.