Locust Wood Capital Advisers LLC Makes New Investment in Sealed Air Co. (NYSE:SEE)

Locust Wood Capital Advisers LLC purchased a new position in Sealed Air Co. (NYSE:SEE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,200 shares of the industrial products company's stock, valued at approximately $1,578,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in Sealed Air during the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in Sealed Air in the fourth quarter worth $29,000. Massmutual Trust Co. FSB ADV raised its stake in Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 449 shares in the last quarter. Column Capital Advisors LLC lifted its position in Sealed Air by 57.9% during the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 385 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Sealed Air by 80.3% in the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company's stock worth $35,000 after buying an additional 476 shares in the last quarter. Institutional investors own 94.40% of the company's stock.

Sealed Air Trading Up 0.5 %

Shares of NYSE:SEE traded up $0.19 during trading on Friday, reaching $37.67. 1,221,087 shares of the company were exchanged, compared to its average volume of 1,707,235. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market capitalization of $5.49 billion, a PE ratio of 15.13, a P/E/G ratio of 3.27 and a beta of 1.31. The business's fifty day simple moving average is $34.47 and its 200-day simple moving average is $34.58. Sealed Air Co. has a 12-month low of $28.50 and a 12-month high of $47.12.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. Sealed Air's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. On average, research analysts anticipate that Sealed Air Co. will post 2.84 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. Sealed Air's dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of research analysts recently commented 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 company from $39.00 to $44.00 in a report on Monday, April 8th. Wells Fargo & Company upgraded Sealed Air from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $43.00 in a report on Thursday, January 11th. Mizuho decreased their price target on Sealed Air from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 3rd. William Blair reaffirmed a "market perform" rating on shares of Sealed Air in a research note on Thursday, May 2nd. Finally, Wolfe Research assumed coverage on shares of Sealed Air in a research note on Friday, March 1st. They issued a "peer perform" rating on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

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.