Gotham Asset Management LLC Has $845,000 Holdings in Sealed Air Co. (NYSE:SEE)

Gotham Asset Management LLC decreased its holdings in shares of Sealed Air Co. (NYSE:SEE) by 71.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,974 shares of the industrial products company’s stock after selling 62,105 shares during the quarter. Gotham Asset Management LLC’s holdings in Sealed Air were worth $845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Manchester Capital Management LLC boosted its stake in Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sealed Air in the 4th quarter worth $45,000. Smartleaf Asset Management LLC grew its stake in shares of Sealed Air by 148.0% during 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. Brown Brothers Harriman & Co. increased its holdings in Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 712 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after buying an additional 778 shares during the period. 94.40% of the stock is owned by institutional investors.

Insider Transactions at Sealed Air

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction 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 purchase, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Sealed Air Price Performance

SEE stock opened at $32.35 on Friday. The stock has a 50-day moving average price of $28.28 and a two-hundred day moving average price of $32.42. Sealed Air Co. has a 1 year low of $22.78 and a 1 year high of $41.14. The stock has a market cap of $4.76 billion, a PE ratio of 11.89 and a beta of 1.35. 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 quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. Sealed Air’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend yield of 2.47%. Sealed Air’s dividend payout ratio (DPR) is presently 39.60%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho decreased their target price on Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company upped their target price on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. UBS Group upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, April 7th. Truist Financial decreased their price target on shares of Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.00.

About Sealed Air

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.