Quantinno Capital Management LP Has $3.44 Million Position in Sealed Air Co. (NYSE:SEE)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sealed Air in the fourth quarter valued at about $27,000. Manchester Capital Management LLC grew its position in Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after buying an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sealed Air during the fourth quarter valued at approximately $45,000. Brown Brothers Harriman & Co. boosted its holdings in Sealed Air by 89.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 712 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 913 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SEE. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Mizuho decreased their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a research note on Monday, April 7th. Truist Financial cut their target price 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. Finally, Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Insider Buying and Selling

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Sealed Air Stock Performance

SEE stock opened at $32.29 on Tuesday. 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 company has a 50 day moving average price of $28.32 and a 200 day moving average price of $32.37. Sealed Air Co. has a fifty-two week low of $22.78 and a fifty-two week high of $41.14. The stock has a market capitalization of $4.75 billion, a PE ratio of 11.87 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share 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 firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the previous year, the company posted $0.78 EPS. Sealed Air's revenue was down 4.4% on a year-over-year basis. Analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 39.60%.

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.

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