Sealed Air Co. (NYSE:SEE) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of Sealed Air Co. (NYSE:SEE) by 27.6% during the 4th quarter, HoldingsChannel reports. The fund owned 7,972 shares of the industrial products company’s stock after purchasing an additional 1,726 shares during the period. Xponance Inc.’s holdings in Sealed Air were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SEE. Swedbank AB raised its position in shares of Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after buying an additional 846,882 shares during the last quarter. Geode Capital Management LLC raised its position in Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after purchasing an additional 12,559 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Sealed Air by 84.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company’s stock valued at $68,182,000 after purchasing an additional 920,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Sealed Air by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company’s stock worth $55,716,000 after buying an additional 32,976 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its holdings in shares of Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after acquiring an additional 548,493 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Henry R. Keizer purchased 1,120 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SEE has been the topic of several analyst reports. Jefferies Financial Group set a $36.00 target price on Sealed Air in a research note on Tuesday, March 4th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Bank of America dropped their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group boosted their price target on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, Mizuho lowered their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock 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 $29.59 on Friday. Sealed Air Co. has a 52-week low of $28.67 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm has a market capitalization of $4.31 billion, a P/E ratio of 10.88 and a beta of 1.32. The company’s 50 day simple moving average is $32.75 and its 200-day simple moving average is $34.40.

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

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. Sealed Air’s payout ratio is presently 44.20%.

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.