Brown Brothers Harriman & Co. Has $51,000 Stock Position in Sealed Air Co. (NYSE:SEE)

Brown Brothers Harriman & Co. increased its stake in shares of Sealed Air Co. (NYSE:SEE) by 89.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,512 shares of the industrial products company’s stock after purchasing an additional 712 shares during the period. Brown Brothers Harriman & Co.’s holdings in Sealed Air were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Manchester Capital Management LLC grew 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 period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in Sealed Air by 218.0% in the fourth 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in Sealed Air by 148.0% in the fourth 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 during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Sealed Air by 98.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 778 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now owns 35,000 shares of the company’s stock, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SEE shares. Truist Financial increased their price target on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. UBS Group increased their price objective 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. Finally, Morgan Stanley reduced their target price on shares of 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. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Sealed Air Stock Up 0.1 %

SEE stock opened at $29.07 on Thursday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 10.69 and a beta of 1.32. Sealed Air Co. has a twelve month low of $28.37 and a twelve month high of $41.14. The business has a 50 day moving average price of $32.28 and a two-hundred day moving average price of $34.29. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $1.37 billion for 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air’s payout ratio 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.