Sealed Air Co. (NYSE:SEE) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 377,470 shares of the industrial products company's stock after buying an additional 48,483 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Sealed Air worth $12,770,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in shares of Sealed Air in the 4th quarter valued at $350,000. State of Wyoming grew its position in Sealed Air by 11.8% during the 4th quarter. State of Wyoming now owns 8,900 shares of the industrial products company's stock worth $301,000 after purchasing an additional 936 shares during the last quarter. Tang Capital Management LLC acquired a new position in Sealed Air in the fourth quarter valued at $952,000. Recurrent Investment Advisors LLC raised its holdings in shares of Sealed Air by 219.3% in the fourth quarter. Recurrent Investment Advisors LLC now owns 60,226 shares of the industrial products company's stock valued at $2,037,000 after buying an additional 41,364 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Sealed Air by 357.5% in the fourth quarter. Quantinno Capital Management LP now owns 101,618 shares of the industrial products company's stock valued at $3,438,000 after buying an additional 79,406 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Price Performance

Sealed Air stock traded up $0.47 during mid-day trading on Tuesday, reaching $32.21. The company had a trading volume of 955,577 shares, compared to its average volume of 1,553,086. The stock's 50-day simple moving average is $28.88 and its 200-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. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company has a market capitalization of $4.74 billion, a P/E ratio of 11.84 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. The business had revenue of $1.27 billion for 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 revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities analysts predict that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm 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. 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 2.48%. Sealed Air's payout ratio is 39.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SEE shares. Wells Fargo & Company boosted their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. 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. Truist Financial decreased their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a research note on Monday, April 7th. 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer bought 1,120 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

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.