Sealed Air Co. (NYSE:SEE) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 207.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,083 shares of the industrial products company's stock after purchasing an additional 49,956 shares during the period. Yousif Capital Management LLC owned approximately 0.05% of Sealed Air worth $2,706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new position in Sealed Air in the fourth quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new position in Sealed Air in the fourth quarter worth $29,000. Massmutual Trust Co. FSB ADV grew its position in Sealed Air by 81.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company's stock worth $36,000 after acquiring an additional 449 shares in the last quarter. Column Capital Advisors LLC grew its position in Sealed Air by 57.9% in the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company's stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Finally, Signaturefd LLC grew its position in Sealed Air by 80.3% in the third quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company's stock worth $35,000 after acquiring an additional 476 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Stock Down 0.9 %

SEE traded down $0.30 during midday trading on Tuesday, reaching $31.52. The company's stock had a trading volume of 1,592,635 shares, compared to its average volume of 1,572,776. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 3.48 and a beta of 1.28. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 8.21. Sealed Air Co. has a 1 year low of $28.50 and a 1 year high of $48.44. The stock's 50-day moving average is $34.55 and its 200-day moving average is $34.34.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.26. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The business's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, research analysts expect that Sealed Air Co. will post 2.8 EPS for the current year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 7th. Sealed Air's payout ratio is 33.90%.

Analysts Set New Price Targets

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

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.