Gallacher Capital Management LLC Boosts Stock Position in Sealed Air Co. (NYSE:SEE)

Gallacher Capital Management LLC grew its holdings in shares of Sealed Air Co. (NYSE:SEE) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,580 shares of the industrial products company’s stock after purchasing an additional 2,555 shares during the period. Gallacher Capital Management LLC’s holdings in Sealed Air were worth $662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SEE. Manchester Capital Management LLC increased its holdings 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 worth $41,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC increased its stake in shares of Sealed Air by 218.0% during 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air during the fourth quarter worth approximately $45,000. Smartleaf Asset Management LLC increased 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 buying an additional 913 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 778 shares during the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Trading Up 1.0 %

Shares of Sealed Air stock opened at $29.85 on Friday. Sealed Air Co. has a 1 year low of $29.33 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a market capitalization of $4.35 billion, a P/E ratio of 10.97 and a beta of 1.32. The company’s fifty day moving average is $33.53 and its two-hundred day moving average is $34.71.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Sealed Air’s dividend payout ratio (DPR) is currently 44.20%.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 35,000 shares in the company, valued at approximately $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. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SEE. Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company increased their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a report on Tuesday, March 4th. Mizuho dropped their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Truist Financial increased their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air 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.