Sealed Air Co. (NYSE:SEE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 77.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,548 shares of the industrial products company's stock after selling 282,693 shares during the quarter. Two Sigma Investments LP owned 0.06% of Sealed Air worth $2,860,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sealed Air in the fourth quarter worth $27,000. Manchester Capital Management LLC increased its position in shares of Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sealed Air in the 4th quarter worth approximately $45,000. Smartleaf Asset Management LLC boosted its holdings in shares of Sealed Air by 148.0% in the fourth 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 last quarter. Finally, Brown Brothers Harriman & Co. grew its position 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 buying an additional 712 shares during the period. Institutional investors own 94.40% of the company's stock.

Sealed Air Stock Down 0.2%

Shares of Sealed Air stock traded down $0.05 during trading on Wednesday, hitting $32.10. 100,734 shares of the stock traded hands, compared to its average volume of 1,547,368. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock's fifty day simple moving average is $28.88 and its 200 day simple moving average is $32.11. The firm has a market cap of $4.72 billion, a P/E ratio of 11.80 and a beta of 1.35. Sealed Air Co. has a 52-week low of $22.78 and a 52-week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last posted 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 company's revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, June 13th. Sealed Air's payout ratio is 39.60%.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the purchase, the director now directly owns 35,000 shares in the company, valued at $1,050,000. The trade was a 3.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SEE. 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 report on Monday, April 7th. Truist Financial decreased 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. Raymond James lowered their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.