Los Angeles Capital Management LLC Buys Shares of 14,176 Sealed Air Co. (NYSE:SEE)

Los Angeles Capital Management LLC bought a new position in Sealed Air Co. (NYSE:SEEFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,176 shares of the industrial products company’s stock, valued at approximately $518,000.

Other large investors have also made changes to their positions in the company. Natixis Advisors L.P. grew its position in shares of Sealed Air by 32.5% during the 4th quarter. Natixis Advisors L.P. now owns 426,486 shares of the industrial products company’s stock valued at $15,575,000 after acquiring an additional 104,598 shares during the period. Victory Capital Management Inc. grew its holdings in Sealed Air by 2.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,251,246 shares of the industrial products company’s stock valued at $45,696,000 after purchasing an additional 33,362 shares during the period. Acuitas Investments LLC increased its position in Sealed Air by 30.8% in the fourth quarter. Acuitas Investments LLC now owns 1,700 shares of the industrial products company’s stock worth $62,000 after buying an additional 400 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Sealed Air by 207.1% in the fourth quarter. Yousif Capital Management LLC now owns 74,083 shares of the industrial products company’s stock worth $2,706,000 after buying an additional 49,956 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Sealed Air by 11.9% during the 4th quarter. New York State Common Retirement Fund now owns 560,755 shares of the industrial products company’s stock valued at $20,479,000 after acquiring an additional 59,623 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SEE has been the topic of a number of recent analyst reports. Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and raised their target price for the stock from $39.00 to $44.00 in a research note on Monday, April 8th. Wolfe Research started coverage on shares of Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho cut their price target on Sealed Air from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, William Blair restated a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Read Our Latest Stock Analysis on SEE

Sealed Air Stock Up 0.5 %

Shares of SEE opened at $37.67 on Friday. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 3.40 and a beta of 1.31. Sealed Air Co. has a 1 year low of $28.50 and a 1 year high of $47.12. The business’s 50 day simple moving average is $34.53 and its 200-day simple moving average is $34.67.

Sealed Air (NYSE:SEEGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Sealed Air’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that Sealed Air Co. will post 2.88 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.12%. Sealed Air’s payout ratio is currently 32.13%.

Sealed Air Company Profile

(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.

See Also

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

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