Jones Financial Companies Lllp Has $53,000 Holdings in Sealed Air Co. (NYSE:SEE)

Jones Financial Companies Lllp raised its stake in Sealed Air Co. (NYSE:SEE) by 98.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,569 shares of the industrial products company’s stock after buying an additional 778 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sealed Air were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new stake in Sealed Air in the 3rd quarter valued at about $139,800,000. Swedbank AB increased its position in Sealed Air by 57.3% in the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after acquiring an additional 846,882 shares in the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 12,559 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Sealed Air by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock worth $58,587,000 after buying an additional 502,999 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its position in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after buying an additional 548,493 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Up 1.1 %

Sealed Air stock opened at $30.19 on Tuesday. The company’s 50 day simple moving average is $33.46 and its 200 day simple moving average is $34.68. Sealed Air Co. has a fifty-two week low of $29.33 and a fifty-two week high of $41.14. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.10 and a beta of 1.32. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

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

Sealed Air Dividend Announcement

The business also recently declared 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, March 14th. Sealed Air’s payout ratio is currently 44.20%.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group lifted their price target on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research report on Tuesday, March 4th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Mizuho lowered their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America lowered their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Six equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.