International Assets Investment Management LLC Purchases 105,140 Shares of Sealed Air Co. (NYSE:SEE)

International Assets Investment Management LLC increased its position in Sealed Air Co. (NYSE:SEE - Free Report) by 6,254.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,821 shares of the industrial products company's stock after buying an additional 105,140 shares during the quarter. International Assets Investment Management LLC owned about 0.07% of Sealed Air worth $3,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SEE. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Sealed Air by 4.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,204 shares of the industrial products company's stock valued at $232,000 after purchasing an additional 213 shares in the last quarter. Truist Financial Corp grew its stake in shares of Sealed Air by 0.6% during the fourth quarter. Truist Financial Corp now owns 37,575 shares of the industrial products company's stock valued at $1,874,000 after acquiring an additional 242 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Sealed Air by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 74,379 shares of the industrial products company's stock valued at $3,311,000 after acquiring an additional 290 shares in the last quarter. Advisor Partners II LLC grew its stake in shares of Sealed Air by 3.0% during the fourth quarter. Advisor Partners II LLC now owns 10,061 shares of the industrial products company's stock valued at $502,000 after acquiring an additional 294 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Sealed Air by 0.3% during the first quarter. Eaton Vance Management now owns 117,544 shares of the industrial products company's stock worth $7,870,000 after purchasing an additional 310 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

Shares of SEE traded down $0.41 during mid-day trading on Wednesday, reaching $31.13. 1,728,742 shares of the company's stock traded hands, compared to its average volume of 1,596,471. The business's 50-day moving average price is $35.25 and its 200-day moving average price is $34.28. The stock has a market capitalization of $4.53 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28. The company has a debt-to-equity ratio of 8.21, a quick ratio of 0.79 and a current ratio of 1.30. Sealed Air Co. has a 12 month low of $28.50 and a 12 month high of $48.44.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.26. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts predict that Sealed Air Co. will post 2.85 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date was Thursday, March 7th. Sealed Air's payout ratio is 33.90%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SEE shares. Wolfe Research started coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. Truist Financial raised shares of Sealed Air from a "hold" rating to a "buy" rating and increased their price target for the stock from $39.00 to $44.00 in a research report on Monday, April 8th. Wells Fargo & Company raised shares of Sealed Air from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $35.00 to $43.00 in a report on Thursday, January 11th. Finally, Mizuho cut their target price on shares of Sealed Air from $40.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.18.

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.