Caption Management LLC Invests $507,000 in Sealed Air Co. (NYSE:SEE)

Caption Management LLC purchased a new stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,000 shares of the industrial products company's stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC grew its holdings in shares of Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after buying an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air during the fourth quarter valued at $45,000. GAMMA Investing LLC raised its position in shares of Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after acquiring an additional 907 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Sealed Air by 89.0% during the fourth 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in 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 valued at $51,000 after acquiring an additional 913 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SEE shares. Mizuho decreased their price objective 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. Morgan Stanley reduced their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Wells Fargo & Company raised their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Insider Buying and Selling

In related news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $30.00 per share, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Sealed Air Stock Performance

Shares of SEE stock traded up $1.25 during trading hours on Monday, reaching $31.82. The stock had a trading volume of 623,110 shares, compared to its average volume of 1,541,237. 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 Co. has a twelve month low of $22.78 and a twelve month high of $41.14. The firm has a 50-day simple moving average of $28.19 and a 200-day simple moving average of $32.54. The firm has a market capitalization of $4.68 billion, a PE ratio of 11.69 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating 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 firm posted $0.78 EPS. The business's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air's dividend payout ratio is currently 39.60%.

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.