Peak6 LLC Acquires New Shares in Sealed Air Co. (NYSE:SEE)

PEAK6 LLC acquired a new position in Sealed Air Co. (NYSE:SEE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,313 shares of the industrial products company's stock, valued at approximately $349,000.

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

Insider Activity at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley dropped their target price on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Finally, Truist Financial cut their price objective on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Price Performance

SEE traded down $0.16 during trading on Friday, hitting $27.62. The company's stock had a trading volume of 1,928,272 shares, compared to its average volume of 1,543,338. 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 market capitalization of $4.06 billion, a price-to-earnings ratio of 10.15 and a beta of 1.35. The business's fifty day simple moving average is $29.05 and its 200 day simple moving average is $33.06. Sealed Air Co. has a twelve month low of $22.78 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. On average, equities research analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air's dividend payout ratio is currently 44.20%.

About Sealed Air

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.