Lighthouse Investment Partners LLC Purchases 10,886 Shares of Sealed Air Co. (NYSE:SEE)

Lighthouse Investment Partners LLC boosted its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 63.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,982 shares of the industrial products company's stock after purchasing an additional 10,886 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Sealed Air were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. grew its stake in shares of Sealed Air by 97.6% in the fourth quarter. Graham Capital Management L.P. now owns 49,440 shares of the industrial products company's stock valued at $1,673,000 after buying an additional 24,414 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Sealed Air by 18.6% in the fourth quarter. Focus Partners Wealth now owns 24,669 shares of the industrial products company's stock valued at $835,000 after buying an additional 3,869 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Sealed Air by 1.2% in the fourth quarter. Deutsche Bank AG now owns 84,181 shares of the industrial products company's stock valued at $2,848,000 after buying an additional 1,034 shares in the last quarter. Caption Management LLC acquired a new stake in shares of Sealed Air in the fourth quarter valued at about $507,000. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Sealed Air in the fourth quarter valued at about $372,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Price Performance

NYSE SEE traded up $0.13 during trading on Tuesday, reaching $32.40. 104,242 shares of the company traded hands, compared to its average volume of 1,551,553. 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 stock's 50 day moving average price is $28.32 and its two-hundred day moving average price is $32.37. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 11.91 and a beta of 1.35. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.14. The company had revenue of $1.27 billion for 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 company's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. As a group, analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 39.60%.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the 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 transaction, the director now directly owns 35,000 shares in the company, valued at approximately $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 SEC, which is available at this link. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

SEE has been the subject of a number of analyst reports. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Mizuho reduced their target price on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company increased their target price on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. UBS Group raised 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, Raymond James reduced their target price on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.