Deprince Race & Zollo Inc. Has $28.81 Million Holdings in Sealed Air Co. (NYSE:SEE)

Deprince Race & Zollo Inc. lessened its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 851,704 shares of the industrial products company's stock after selling 431,963 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.58% of Sealed Air worth $28,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 913 shares during the period. A&I Financial Services LLC acquired a new stake in shares of Sealed Air in the fourth quarter worth $527,000. Kwmg LLC grew its stake in shares of Sealed Air by 5.0% in the fourth quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock worth $4,619,000 after acquiring an additional 6,527 shares during the last quarter. Amundi grew its stake in shares of Sealed Air by 131.6% in the fourth quarter. Amundi now owns 76,479 shares of the industrial products company's stock worth $2,576,000 after acquiring an additional 43,458 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sealed Air by 90.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock worth $51,101,000 after acquiring an additional 715,668 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEE. Mizuho lowered their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Truist Financial decreased their price target on shares of 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 upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Raymond James decreased their price target on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Four 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Trading Up 5.5%

Shares of SEE stock traded up $1.68 on Monday, reaching $32.25. The company had a trading volume of 2,004,734 shares, compared to its average volume of 1,546,788. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.74 billion, a PE ratio of 11.86 and a beta of 1.35. The company has a 50-day moving average of $28.19 and a 200-day moving average of $32.54. 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 announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations 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 was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. On average, equities analysts forecast 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 given a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. Sealed Air's dividend payout ratio is presently 39.60%.

Insiders Place Their Bets

In other news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $1,050,000. The trade was a 3.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.30% of the company's stock.

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.