Sealed Air Co. (NYSE:SEE) Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC lessened its position in shares of Sealed Air Co. (NYSE:SEE) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 719,556 shares of the industrial products company’s stock after selling 76,039 shares during the quarter. Vulcan Value Partners LLC’s holdings in Sealed Air were worth $24,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock valued at $620,117,000 after purchasing an additional 2,754,395 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Sealed Air by 9.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock valued at $416,657,000 after buying an additional 1,081,848 shares in the last quarter. Invesco Ltd. lifted its position in shares of Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after buying an additional 1,549,184 shares in the last quarter. Swedbank AB grew its stake in Sealed Air by 57.3% in 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 period. Finally, Dimensional Fund Advisors LP increased its holdings in Sealed Air by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock worth $74,583,000 after acquiring an additional 178,592 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analysts Set New Price Targets

SEE has been the topic of several recent analyst reports. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Truist Financial cut their price objective on Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group raised Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday, April 7th. Finally, Citigroup reduced their price objective 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. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sealed Air presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Activity

In related news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Sealed Air Trading Down 0.6 %

Shares of SEE stock opened at $27.62 on Friday. Sealed Air Co. has a twelve month low of $22.78 and a twelve month high of $41.14. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 10.15 and a beta of 1.35. The company’s 50-day moving average price is $29.05 and its 200-day moving average price is $33.08. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

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

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. Sealed Air’s dividend 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.