Two Sigma Investments LP Has $2.86 Million Holdings in Sealed Air Co. (NYSE:SEE)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEE. Vanguard Group Inc. lifted its position in Sealed Air by 17.7% during the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after buying an additional 2,754,395 shares in the last quarter. Invesco Ltd. lifted its position in Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after buying an additional 1,549,184 shares in the last quarter. Norges Bank bought a new stake in shares of Sealed Air in the 4th quarter valued at about $50,562,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Sealed Air by 9.6% in the 4th 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 during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Sealed Air by 84.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock valued at $68,182,000 after purchasing an additional 920,000 shares during the period. 94.40% of the stock is owned by institutional investors.

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is owned by insiders.

Sealed Air Price Performance

Shares of NYSE SEE traded down $0.07 during trading hours on Wednesday, hitting $32.08. 1,122,671 shares of the stock were exchanged, compared to its average volume of 1,550,719. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a market cap of $4.72 billion, a PE ratio of 11.79 and a beta of 1.35. The company's fifty day simple moving average is $28.94 and its two-hundred day simple moving average is $32.11. 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 posted its quarterly earnings results 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. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. On average, sell-side analysts predict that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SEE. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a report on Monday, April 7th. Mizuho dropped their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a report on Tuesday, March 4th. Wells Fargo & Company upped 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. Finally, Raymond James decreased their price target 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. 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.