Quantinno Capital Management LP Grows Stock Holdings in Sealed Air Co. (NYSE:SEE)

Quantinno Capital Management LP boosted its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 357.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,618 shares of the industrial products company's stock after purchasing an additional 79,406 shares during the period. Quantinno Capital Management LP owned about 0.07% of Sealed Air worth $3,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Man Group plc lifted its stake in Sealed Air by 0.8% in the 4th quarter. Man Group plc now owns 342,495 shares of the industrial products company's stock valued at $11,587,000 after purchasing an additional 2,763 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air in the 4th quarter valued at approximately $27,000. Lazard Asset Management LLC lifted its stake in Sealed Air by 262.7% in the 4th quarter. Lazard Asset Management LLC now owns 270,993 shares of the industrial products company's stock valued at $9,167,000 after purchasing an additional 196,286 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in Sealed Air by 63.7% in the 4th quarter. Lighthouse Investment Partners LLC now owns 27,982 shares of the industrial products company's stock valued at $947,000 after purchasing an additional 10,886 shares during the last quarter. Finally, Graham Capital Management L.P. raised its stake in shares of Sealed Air by 97.6% during the fourth quarter. Graham Capital Management L.P. now owns 49,440 shares of the industrial products company's stock valued at $1,673,000 after acquiring an additional 24,414 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.30% of the company's stock.

Sealed Air Stock Down 1.0%

NYSE:SEE traded down $0.33 on Friday, reaching $31.92. 1,048,970 shares of the stock traded hands, compared to its average volume of 1,563,655. The company's fifty day simple moving average is $28.50 and its 200 day simple moving average is $32.25. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12 month low of $22.78 and a 12 month high of $41.14. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 11.73 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. Equities analysts predict that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SEE has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Raymond James dropped their price target on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial dropped their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.00.

About Sealed Air

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.