Maple Rock Capital Partners Inc. Has $55.16 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Maple Rock Capital Partners Inc. increased its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,630,493 shares of the industrial products company's stock after acquiring an additional 113,000 shares during the period. Sealed Air accounts for about 1.7% of Maple Rock Capital Partners Inc.'s holdings, making the stock its 10th largest position. Maple Rock Capital Partners Inc. owned about 1.12% of Sealed Air worth $55,160,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC lifted its position in shares of Sealed Air by 6.7% during the 3rd quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company's stock worth $1,180,000 after purchasing an additional 2,051 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company's stock valued at $28,853,000 after acquiring an additional 662,606 shares during the period. 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 acquiring an additional 907 shares during the last quarter. Nordea Investment Management AB increased its position in Sealed Air by 186.1% during the fourth quarter. Nordea Investment Management AB now owns 442,857 shares of the industrial products company's stock worth $15,031,000 after acquiring an additional 288,044 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 worth $326,000 after purchasing an additional 380 shares during the period. 94.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of the stock in a transaction 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 purchase, the director now owns 35,000 shares of the company's stock, valued at approximately $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 at the SEC website. Corporate insiders own 0.30% of the company's stock.

Sealed Air Price Performance

Shares of NYSE:SEE traded up $0.58 during midday trading on Wednesday, reaching $29.52. The company's stock had a trading volume of 690,199 shares, compared to its average volume of 1,526,159. The business's fifty day simple moving average is $28.32 and its 200-day simple moving average is $32.69. The company has a market capitalization of $4.34 billion, a P/E ratio of 10.84 and a beta of 1.35. 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 Co. has a fifty-two week low of $22.78 and a fifty-two week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. Sealed Air's revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts expect 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. Investors of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is 44.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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 research note on Monday, April 7th. Truist Financial decreased their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Mizuho cut their target price on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a report on Tuesday, March 4th. Finally, StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

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.