Investors Research Corp Takes $1.10 Million Position in Sealed Air Co. (NYSE:SEE)

Investors Research Corp purchased a new stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,950 shares of the industrial products company's stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds have also modified their holdings of SEE. GAMMA Investing LLC raised its holdings in shares of Sealed Air by 8,061.0% during the first quarter. GAMMA Investing LLC now owns 107,970 shares of the industrial products company's stock worth $3,120,000 after acquiring an additional 106,647 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Sealed Air by 1,513.1% during the first quarter. Versant Capital Management Inc now owns 4,065 shares of the industrial products company's stock worth $117,000 after acquiring an additional 3,813 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Sealed Air by 168.3% during the fourth quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company's stock worth $15,791,000 after acquiring an additional 292,826 shares in the last quarter. QSM Asset Management Ltd purchased a new stake in shares of Sealed Air during the fourth quarter worth $5,565,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Sealed Air during the fourth quarter worth $231,000. Hedge funds and other institutional investors own 94.40% of the company's stock.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Sealed Air Stock Performance

Shares of Sealed Air stock traded down $0.46 during midday trading on Monday, hitting $31.74. The company had a trading volume of 1,024,554 shares, compared to its average volume of 1,556,407. The business's 50 day simple moving average is $28.79 and its two-hundred day simple moving average is $32.13. The stock has a market cap of $4.67 billion, a PE ratio of 11.67 and a beta of 1.35. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $0.78 earnings per share. Sealed Air's quarterly revenue was down 4.4% on a year-over-year basis. As a group, equities analysts predict that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Sealed Air's dividend payout ratio is currently 39.60%.

Analyst Upgrades and Downgrades

SEE has been the topic of several recent research reports. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Mizuho lowered their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Truist Financial lowered their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, 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. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and an average price target 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.