Earnest Partners LLC Has $82.86 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Earnest Partners LLC trimmed its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,449,258 shares of the industrial products company's stock after selling 103,685 shares during the period. Earnest Partners LLC owned 1.68% of Sealed Air worth $82,858,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SEE. Tidal Investments LLC grew its holdings in shares of Sealed Air by 6.7% during the third quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company's stock valued at $1,180,000 after buying an additional 2,051 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sealed Air by 501.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company's stock valued at $28,853,000 after purchasing an additional 662,606 shares during the period. GAMMA Investing LLC lifted 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 purchasing an additional 907 shares in the last quarter. Nordea Investment Management AB grew its position in Sealed Air by 186.1% during the fourth quarter. Nordea Investment Management AB now owns 442,857 shares of the industrial products company's stock valued at $15,031,000 after purchasing an additional 288,044 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company's stock valued at $326,000 after buying an additional 380 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Raymond James lowered 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 report on Tuesday, April 22nd. UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a research report on Monday, April 7th. Truist Financial reduced their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Citigroup decreased their target price on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Five equities 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Stock Performance

SEE stock traded up $0.69 during mid-day trading on Friday, reaching $28.00. 561,334 shares of the stock traded hands, compared to its average volume of 1,529,477. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The business has a 50-day moving average of $28.65 and a two-hundred day moving average of $32.88. The firm has a market capitalization of $4.11 billion, a PE ratio of 10.29 and a beta of 1.35. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. During the same period in the prior year, the company earned $0.88 EPS. The business's quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts predict 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. Stockholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air's payout ratio is 44.20%.

Insider Activity

In other news, Director Henry R. Keizer bought 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now directly owns 35,000 shares of the company's stock, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is owned by company insiders.

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.