Schonfeld Strategic Advisors LLC Sells 120,097 Shares of Sealed Air Co. (NYSE:SEE)

Schonfeld Strategic Advisors LLC lowered its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 94.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,499 shares of the industrial products company's stock after selling 120,097 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Sealed Air were worth $254,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SEE. GAMMA Investing LLC grew its stake 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 purchasing an additional 907 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Sealed Air by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company's stock valued at $326,000 after acquiring an additional 380 shares in the last quarter. Park Avenue Securities LLC boosted its position in Sealed Air by 20.5% during the 4th quarter. Park Avenue Securities LLC now owns 15,287 shares of the industrial products company's stock valued at $517,000 after acquiring an additional 2,605 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Sealed Air by 24.7% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,280 shares of the industrial products company's stock valued at $246,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Sealed Air by 12.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 21,211 shares of the industrial products company's stock valued at $717,000 after acquiring an additional 2,399 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Wall Street Analysts Forecast Growth

SEE has been the topic of several research reports. Truist Financial cut their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Mizuho cut their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Raymond James cut their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a report on Monday, April 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sealed Air currently has an average rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Stock Up 1.9%

NYSE SEE traded up $0.60 during mid-day trading on Friday, reaching $32.35. The stock had a trading volume of 1,667,198 shares, compared to its average volume of 1,558,898. Sealed Air Co. has a 1 year low of $22.78 and a 1 year high of $41.14. The stock has a market cap of $4.76 billion, a PE ratio of 11.89 and a beta of 1.35. The company has a fifty day moving average price of $28.28 and a 200 day moving average price of $32.42. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. On average, research analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Sealed Air's payout ratio is currently 39.60%.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer bought 1,120 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the purchase, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. This represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company's stock.

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.