Castlekeep Investment Advisors LLC Buys Shares of 10,995 Sealed Air Co. (NYSE:SEE)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,995 shares of the industrial products company's stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after buying an additional 2,754,395 shares during the period. Invesco Ltd. increased its stake in Sealed Air by 69.2% during the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after acquiring an additional 1,549,184 shares during the last quarter. Norges Bank purchased a new position in shares of Sealed Air during the 4th quarter worth approximately $50,562,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Sealed Air by 9.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock valued at $416,657,000 after purchasing an additional 1,081,848 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Sealed Air by 84.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock worth $68,182,000 after purchasing an additional 920,000 shares during the period. Institutional investors and hedge funds own 94.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SEE. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a report on Tuesday, March 4th. Raymond James lowered their price target on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective for the company in a research report on Monday, April 7th. Finally, Truist Financial dropped their target price on 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 analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Sealed Air presently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer bought 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 acquisition, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Sealed Air Trading Down 0.5 %

NYSE SEE traded down $0.14 during trading hours on Friday, hitting $30.59. 1,671,494 shares of the company's stock were exchanged, compared to its average volume of 1,544,736. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a market capitalization of $4.49 billion, a P/E ratio of 11.25 and a beta of 1.35. The business's 50 day moving average is $28.19 and its 200-day moving average is $32.57. Sealed Air Co. has a 12-month low of $22.78 and a 12-month high of $41.14.

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

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid 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 (DPR) is presently 44.20%.

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.