179,704 Shares in Sealed Air Corporation (NYSE:SEE) Purchased by Regents Gate Capital LLP

Regents Gate Capital LLP purchased a new position in Sealed Air Corporation (NYSE:SEE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 179,704 shares of the industrial products company's stock, valued at approximately $5,193,000. Sealed Air makes up 2.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 21st biggest position. Regents Gate Capital LLP owned approximately 0.12% of Sealed Air as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of SEE. Smartleaf Asset Management LLC increased its position in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after buying an additional 913 shares during the period. Amundi grew its position in shares of Sealed Air by 131.6% during the 4th quarter. Amundi now owns 76,479 shares of the industrial products company's stock worth $2,576,000 after buying an additional 43,458 shares during the period. GAMMA Investing LLC boosted its holdings in Sealed Air by 182.4% during the first quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company's stock worth $108,000 after buying an additional 2,413 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sealed Air by 90.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock valued at $51,101,000 after purchasing an additional 715,668 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Sealed Air by 7.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company's stock valued at $1,628,000 after buying an additional 3,664 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Stock Up 1.0%

Sealed Air stock opened at $32.04 on Wednesday. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. The company has a debt-to-equity ratio of 5.26, a quick ratio of 0.76 and a current ratio of 1.26. The company has a market cap of $4.71 billion, a PE ratio of 15.86, a PEG ratio of 2.90 and a beta of 1.35. The business's 50-day simple moving average is $31.37 and its two-hundred day simple moving average is $31.37.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.67 by $0.14. The firm 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 65.49% and a net margin of 5.55%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Equities analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, June 13th. Sealed Air's dividend payout ratio is presently 39.60%.

Analyst Ratings Changes

SEE has been the topic of a number of recent analyst reports. Raymond James Financial decreased their target price 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. Mizuho lowered their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Truist Financial lowered 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. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a research note on Monday, April 7th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.00.

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.

Want to see what other hedge funds are holding SEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sealed Air Corporation (NYSE:SEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.