Squarepoint Ops LLC Makes New $350,000 Investment in Sealed Air Co. (NYSE:SEE)

Squarepoint Ops LLC acquired a new position in shares of Sealed Air Co. (NYSE:SEE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,358 shares of the industrial products company's stock, valued at approximately $350,000.

A number of other hedge funds have also made changes to their positions in the business. Arizona State Retirement System increased its holdings in shares of Sealed Air by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock valued at $1,430,000 after acquiring an additional 348 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in shares of Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock valued at $1,470,000 after acquiring an additional 350 shares during the last quarter. Choreo LLC increased its holdings in shares of Sealed Air by 3.7% in the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock valued at $331,000 after acquiring an additional 351 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Sealed Air by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 375 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Sealed Air by 3.3% in the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock valued at $399,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Trading Down 0.8%

Shares of SEE stock opened at $31.82 on Friday. The business's 50 day moving average is $29.00 and its two-hundred day moving average is $32.08. Sealed Air Co. has a twelve month low of $22.78 and a twelve month high of $41.14. The company has a market capitalization of $4.68 billion, a P/E ratio of 11.70 and a beta of 1.35. 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 (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.67 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. Equities analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.20 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. Sealed Air's dividend payout ratio is currently 39.60%.

Wall Street Analysts Forecast Growth

SEE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Truist Financial dropped their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company raised their price target on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Raymond James dropped their price target on 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. Finally, Mizuho dropped their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sealed Air has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at $1,050,000. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company's stock.

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.

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