Sealed Air Co. (NYSE:SEE) Director Henry R. Keizer Buys 1,120 Shares

Sealed Air Co. (NYSE:SEE) Director Henry R. Keizer purchased 1,120 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sealed Air Stock Performance

Sealed Air stock opened at $30.32 on Wednesday. Sealed Air Co. has a fifty-two week low of $29.82 and a fifty-two week high of $41.14. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 11.15 and a beta of 1.32. The stock’s 50 day simple moving average is $33.76 and its two-hundred day simple moving average is $34.81. 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 (NYSE:SEE) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $1.37 billion for 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 firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. Sealed Air’s dividend payout ratio (DPR) is currently 44.20%.

Analysts Set New Price Targets

SEE has been the subject of several analyst reports. Morgan Stanley dropped their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research report on Tuesday, March 4th. 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 report on Wednesday, February 26th. Finally, Mizuho cut their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Institutional Investors Weigh In On Sealed Air

Several hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sealed Air during the fourth quarter valued at approximately $27,000. Manchester Capital Management LLC increased its stake in 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 valued at $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 worth $45,000 after buying an additional 907 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air during the fourth quarter valued at approximately $45,000. Finally, Smartleaf Asset Management LLC raised its holdings in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 913 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

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.