GAMMA Investing LLC Purchases 106,647 Shares of Sealed Air Co. (NYSE:SEE)

GAMMA Investing LLC increased its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 8,061.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,970 shares of the industrial products company's stock after acquiring an additional 106,647 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of Sealed Air worth $3,120,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Sealed Air in the 4th quarter worth about $27,000. Manchester Capital Management LLC increased its position in shares of Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sealed Air during the fourth quarter valued at approximately $45,000. Smartleaf Asset Management LLC boosted its stake in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after purchasing an additional 913 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock worth $51,000 after purchasing an additional 712 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

SEE traded down $0.02 during trading on Thursday, hitting $32.26. The stock had a trading volume of 743,366 shares, compared to its average volume of 1,538,815. The firm has a market cap of $4.74 billion, a PE ratio of 11.86 and a beta of 1.37. 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 $38.85. The company has a 50 day simple moving average of $29.42 and a 200-day simple moving average of $32.01.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, June 13th. Sealed Air's dividend payout ratio (DPR) is currently 39.60%.

Analysts Set New Price Targets

Several brokerages have recently commented on SEE. Wells Fargo & Company raised 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. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target on the stock in a research note on Monday, April 7th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Raymond James lowered their price target on 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, Mizuho cut their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company 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.