AQR Capital Management LLC Sells 56,297 Shares of Sealed Air Co. (NYSE:SEE)

AQR Capital Management LLC lowered its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 333,372 shares of the industrial products company's stock after selling 56,297 shares during the quarter. AQR Capital Management LLC owned about 0.23% of Sealed Air worth $11,278,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC grew its holdings in shares of Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC grew its holdings in shares of Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after purchasing an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air during the 4th quarter worth about $45,000. Smartleaf Asset Management LLC grew its holdings in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after purchasing an additional 913 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock worth $51,000 after purchasing an additional 712 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

Insider Transactions at Sealed Air

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost 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 approximately $1,050,000. The trade was a 3.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Wells Fargo & Company upped their price target on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target for the company in a report on Monday, April 7th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Stock Performance

Shares of SEE stock traded down $0.14 during trading on Friday, reaching $30.59. The company had a trading volume of 1,671,494 shares, compared to its average volume of 1,544,736. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm's 50 day simple moving average is $28.19 and its two-hundred day simple moving average is $32.54. The company has a market capitalization of $4.50 billion, a PE ratio of 11.25 and a beta of 1.35. Sealed Air Co. has a one year low of $22.78 and a one year high of $41.14.

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

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. Sealed Air's payout ratio is currently 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.