Sealed Air Co. (NYSE:SEE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Sealed Air Co. (NYSE:SEE) by 978.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,062 shares of the industrial products company’s stock after acquiring an additional 17,295 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sealed Air were worth $635,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Thompson Investment Management Inc. lifted its holdings in Sealed Air by 1.4% in the fourth quarter. Thompson Investment Management Inc. now owns 73,769 shares of the industrial products company’s stock valued at $2,496,000 after acquiring an additional 990 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Sealed Air by 4.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 42,373 shares of the industrial products company’s stock valued at $1,433,000 after acquiring an additional 1,748 shares during the period. Choreo LLC lifted its holdings in Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 351 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air in the fourth quarter valued at approximately $45,000. Finally, Guidance Capital Inc. acquired a new position in Sealed Air in the fourth quarter valued at approximately $468,000. 94.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SEE has been the subject of a number of analyst reports. Mizuho decreased their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley reduced their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial upped their target price on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Citigroup reduced their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Stock Down 0.7 %

Shares of SEE opened at $32.13 on Tuesday. Sealed Air Co. has a one year low of $30.87 and a one year high of $41.14. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 11.81 and a beta of 1.34. The stock has a 50 day moving average price of $34.17 and a 200 day moving average price of $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.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

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.