Alyeska Investment Group L.P. Buys Shares of 92,305 Sealed Air Co. (NYSE:SEE)

Alyeska Investment Group L.P. purchased a new stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 92,305 shares of the industrial products company's stock, valued at approximately $3,123,000. Alyeska Investment Group L.P. owned approximately 0.06% of Sealed Air as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Maple Rock Capital Partners Inc. boosted its stake in Sealed Air by 7.4% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,630,493 shares of the industrial products company's stock valued at $55,160,000 after purchasing an additional 113,000 shares during the last quarter. Freestone Grove Partners LP bought a new position in shares of Sealed Air during the 4th quarter valued at approximately $388,000. Northern Trust Corp increased its stake in shares of Sealed Air by 21.3% in the fourth quarter. Northern Trust Corp now owns 1,642,371 shares of the industrial products company's stock worth $55,561,000 after purchasing an additional 288,528 shares in the last quarter. Two Sigma Securities LLC lifted its position in shares of Sealed Air by 57.4% in the fourth quarter. Two Sigma Securities LLC now owns 11,017 shares of the industrial products company's stock valued at $373,000 after acquiring an additional 4,017 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its stake in Sealed Air by 8.3% in the 4th quarter. Nebula Research & Development LLC now owns 47,980 shares of the industrial products company's stock worth $1,623,000 after purchasing an additional 3,667 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Raymond James decreased their target price on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 22nd. Truist Financial dropped their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley reduced their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sealed Air presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Stock Performance

Sealed Air stock traded down $0.14 during midday trading on Friday, hitting $30.59. 1,671,494 shares of the company were exchanged, compared to its average volume of 1,544,736. Sealed Air Co. has a fifty-two week low of $22.78 and a fifty-two week high of $41.14. The firm has a market capitalization of $4.49 billion, a PE ratio of 11.25 and a beta of 1.35. The business has a fifty day simple moving average of $28.19 and a two-hundred day simple moving average of $32.57. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend 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 currently 44.20%.

Insider Activity

In related news, Director Henry R. Keizer purchased 1,120 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company's stock.

About Sealed Air

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.