Sealed Air Co. (NYSE:SEE) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,974 shares of the industrial products company's stock after selling 62,105 shares during the quarter. Gotham Asset Management LLC's holdings in Sealed Air were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEE. Vanguard Group Inc. lifted its holdings in shares of Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after purchasing an additional 2,754,395 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock valued at $128,176,000 after purchasing an additional 1,549,184 shares in the last quarter. Swedbank AB lifted its holdings in shares of Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock valued at $78,678,000 after purchasing an additional 846,882 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sealed Air by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company's stock valued at $74,583,000 after purchasing an additional 178,592 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $30.00 per share, with a total value of $33,600.00. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company's stock.

Sealed Air Trading Down 1.7%

NYSE:SEE traded down $0.55 during trading hours on Wednesday, reaching $31.77. 1,395,307 shares of the company were exchanged, compared to its average volume of 1,558,641. The stock has a 50 day simple moving average of $28.38 and a 200 day simple moving average of $32.37. Sealed Air Co. has a 52-week low of $22.78 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 11.68 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last issued its 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. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. As a group, analysts predict that Sealed Air Co. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial reduced their price objective 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. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Raymond James reduced their price objective 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. Mizuho reduced 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. Finally, StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Four investment 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 company. According to MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

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.