Tower Research Capital LLC TRC Sells 1,599 Shares of Sealed Air Co. (NYSE:SEE)

Tower Research Capital LLC TRC decreased its holdings in Sealed Air Co. (NYSE:SEE) by 47.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,766 shares of the industrial products company’s stock after selling 1,599 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sealed Air were worth $60,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its position in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC lifted its position in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sealed Air in the 4th quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its position in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in Sealed Air by 89.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 712 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the purchase, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents 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 the SEC website. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho dropped their target price on shares of Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group raised shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, April 7th. Truist Financial dropped their target price on shares of Sealed Air from $44.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Sealed Air Trading Down 0.5%

Shares of SEE stock opened at $30.59 on Monday. The company has a 50 day moving average of $28.19 and a 200-day moving average of $32.54. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12-month low of $22.78 and a 12-month high of $41.14. The firm has a market cap of $4.50 billion, a P/E ratio of 11.25 and a beta of 1.35.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.78 EPS. Sealed Air’s quarterly revenue was down 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Sealed Air’s dividend payout ratio is 39.60%.

Sealed Air Company 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.