Marshall Wace LLP Has $326,000 Holdings in Sealed Air Co. (NYSE:SEE)

Marshall Wace LLP lowered its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,622 shares of the industrial products company's stock after selling 17,218 shares during the quarter. Marshall Wace LLP's holdings in Sealed Air were worth $326,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SEE. Manchester Capital Management LLC lifted its position in Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after buying an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sealed Air in the fourth quarter worth about $45,000. GAMMA Investing LLC lifted its position in shares of Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after purchasing an additional 907 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Sealed Air by 89.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 712 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 913 shares in the last quarter. Institutional investors own 94.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial decreased their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Mizuho decreased their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research report on Tuesday, March 4th. Wells Fargo & Company raised their target price on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Raymond James dropped their price target 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. 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Stock Down 0.5 %

Shares of NYSE:SEE traded down $0.14 during trading on Friday, hitting $30.59. 1,671,494 shares of the company were exchanged, compared to its average volume of 1,544,736. Sealed Air Co. has a fifty-two week low of $22.78 and a fifty-two week high of $41.14. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 11.25 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. The firm has a fifty day moving average price of $28.19 and a two-hundred day moving average price of $32.57.

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

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.62%. Sealed Air's dividend payout ratio is 44.20%.

Insider Activity

In related news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased 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 in the company, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.30% of the company's stock.

Sealed Air 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.