Russell Investments Group Ltd. Has $12.96 Million Position in Sealed Air Co. (NYSE:SEE)

Russell Investments Group Ltd. decreased its position in shares of Sealed Air Co. (NYSE:SEEFree Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,872 shares of the industrial products company’s stock after selling 24,789 shares during the period. Russell Investments Group Ltd. owned about 0.25% of Sealed Air worth $12,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SEE. CVA Family Office LLC bought a new position in Sealed Air in the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of Sealed Air in the fourth quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV raised its holdings in Sealed Air by 81.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock valued at $36,000 after buying an additional 449 shares during the last quarter. Column Capital Advisors LLC boosted its position in Sealed Air by 57.9% during the 3rd quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after buying an additional 385 shares during the period. Finally, Signaturefd LLC increased its position in Sealed Air by 80.3% in the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 476 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Price Performance

SEE stock opened at $35.17 on Friday. Sealed Air Co. has a 52-week low of $28.50 and a 52-week high of $47.12. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.79 and a current ratio of 1.33. The business has a 50-day simple moving average of $34.34 and a two-hundred day simple moving average of $34.37. The company has a market capitalization of $5.12 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 3.86 and a beta of 1.31.

Sealed Air (NYSE:SEEGet Free Report) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.53 by $0.25. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts expect that Sealed Air Co. will post 2.8 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio is presently 32.13%.

Analyst Ratings Changes

Several brokerages have commented on SEE. Mizuho cut their target price on Sealed Air from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday. Wolfe Research began coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $43.00 in a report on Thursday, January 11th. Finally, Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and upped their price objective for the company from $39.00 to $44.00 in a report on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Sealed Air has a consensus rating of “Hold” and a consensus target price of $43.91.

Check Out Our Latest Stock Analysis on Sealed Air

About Sealed Air

(Free Report)

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.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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