Sealed Air Co. (NYSE:SEE) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. raised its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 32.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 426,486 shares of the industrial products company's stock after acquiring an additional 104,598 shares during the period. Natixis Advisors L.P. owned about 0.30% of Sealed Air worth $15,575,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SEE. Victory Capital Management Inc. lifted its stake in shares of Sealed Air by 2.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,251,246 shares of the industrial products company's stock valued at $45,696,000 after acquiring an additional 33,362 shares during the period. Acuitas Investments LLC lifted its holdings in Sealed Air by 30.8% in the fourth quarter. Acuitas Investments LLC now owns 1,700 shares of the industrial products company's stock valued at $62,000 after buying an additional 400 shares during the period. Yousif Capital Management LLC boosted its stake in Sealed Air by 207.1% in the fourth quarter. Yousif Capital Management LLC now owns 74,083 shares of the industrial products company's stock valued at $2,706,000 after acquiring an additional 49,956 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Sealed Air by 11.9% during the 4th quarter. New York State Common Retirement Fund now owns 560,755 shares of the industrial products company's stock worth $20,479,000 after acquiring an additional 59,623 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Sealed Air by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 274,109 shares of the industrial products company's stock valued at $10,010,000 after purchasing an additional 3,370 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Analysts Set New Price Targets

SEE has been the topic of a number of analyst reports. William Blair reiterated a "market perform" rating on shares of Sealed Air in a research report on Thursday, May 2nd. Truist Financial raised Sealed Air from a "hold" rating to a "buy" rating and raised their price objective for the stock from $39.00 to $44.00 in a research note on Monday, April 8th. Wolfe Research started coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a "peer perform" rating for the company. Wells Fargo & Company raised shares of Sealed Air from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Mizuho lowered their price target on shares of Sealed Air from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Sealed Air currently has a consensus rating of "Hold" and a consensus price target of $43.91.

Sealed Air Price Performance

Shares of Sealed Air stock traded up $0.56 during trading on Tuesday, hitting $36.35. The stock had a trading volume of 1,673,601 shares, compared to its average volume of 1,637,673. Sealed Air Co. has a 12 month low of $28.50 and a 12 month high of $47.12. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 3.86 and a beta of 1.31. The business's 50-day moving average is $34.33 and its 200 day moving average is $34.49.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. As a group, sell-side analysts anticipate that Sealed Air Co. will post 2.8 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently announced 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. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.20%. Sealed Air's dividend payout ratio is currently 32.13%.

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.