10,358 Shares in Sealed Air Co. (NYSE:SEE) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in Sealed Air Co. (NYSE:SEE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,358 shares of the industrial products company's stock, valued at approximately $350,000.

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

Sealed Air Price Performance

SEE stock traded up $0.60 during trading on Monday, hitting $32.88. The stock had a trading volume of 863,078 shares, compared to its average volume of 1,543,002. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 12.09 and a beta of 1.37. 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's 50 day moving average price is $29.07 and its two-hundred day moving average price is $32.02. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $39.54.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, sell-side analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.43%. Sealed Air's payout ratio is currently 39.60%.

Insider Buying and Selling

In related news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SEE shares. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research report on Tuesday, March 4th. Truist Financial dropped their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. 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. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Raymond James cut 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.