Two Sigma Advisers LP Has $1.25 Million Stake in Sealed Air Co. (NYSE:SEE)

Two Sigma Advisers LP lowered its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,000 shares of the industrial products company's stock after selling 89,200 shares during the period. Two Sigma Advisers LP's holdings in Sealed Air were worth $1,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after purchasing an additional 2,754,395 shares in the last quarter. Invesco Ltd. raised its position in shares of Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock valued at $128,176,000 after buying an additional 1,549,184 shares during the last quarter. Norges Bank purchased a new position in shares of Sealed Air during the fourth quarter valued at approximately $50,562,000. T. Rowe Price Investment Management Inc. boosted its position in Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock worth $416,657,000 after acquiring an additional 1,081,848 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in 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 worth $68,182,000 after acquiring an additional 920,000 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Price Performance

Sealed Air stock traded down $0.07 during mid-day trading on Wednesday, hitting $32.08. 1,122,671 shares of the company were exchanged, compared to its average volume of 1,550,719. The company has a market capitalization of $4.72 billion, a PE ratio of 11.79 and a beta of 1.35. The business has a fifty day moving average of $28.94 and a 200 day moving average of $32.11. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

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

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.49%. Sealed Air's payout ratio is 39.60%.

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade represents a 3.31% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SEE. Raymond James dropped their price objective on shares of 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. Truist Financial cut their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Mizuho dropped their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. 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 report on Monday, April 7th. Finally, Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Four equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average 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.