Sealed Air Co. (NYSE:SEE) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in shares of Sealed Air Co. (NYSE:SEE) by 148.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,530 shares of the industrial products company’s stock after acquiring an additional 913 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Sealed Air were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new position in shares of Sealed Air during the 3rd quarter valued at about $139,800,000. Swedbank AB increased its stake in shares of Sealed Air by 57.3% during the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after acquiring an additional 846,882 shares during the last quarter. Geode Capital Management LLC increased its position in Sealed Air by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after purchasing an additional 12,559 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Sealed Air by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock worth $58,587,000 after purchasing an additional 502,999 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its position in Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after purchasing an additional 548,493 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SEE. Citigroup dropped their target price on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group increased their target price on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Bank of America dropped 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 report on Monday, January 6th. Finally, Wells Fargo & Company increased their target price on shares of Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air Stock Performance

Sealed Air stock opened at $30.38 on Tuesday. The stock has a market cap of $4.43 billion, a P/E ratio of 11.17 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a 50 day moving average of $33.83 and a 200-day moving average of $34.84. Sealed Air Co. has a 52 week low of $30.05 and a 52 week high of $41.14.

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

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is currently 44.20%.

Sealed Air Company 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.