Dimensional Fund Advisors LP Buys 178,592 Shares of Sealed Air Co. (NYSE:SEE)

Dimensional Fund Advisors LP lifted its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,204,663 shares of the industrial products company's stock after purchasing an additional 178,592 shares during the period. Dimensional Fund Advisors LP owned 1.51% of Sealed Air worth $74,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SEE. Arizona State Retirement System grew its holdings in shares of Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock valued at $1,430,000 after purchasing an additional 348 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its position in Sealed Air by 0.8% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock valued at $1,470,000 after buying an additional 350 shares in the last quarter. Choreo LLC boosted its position in Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock valued at $331,000 after buying an additional 351 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock worth $306,000 after buying an additional 375 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock worth $399,000 after buying an additional 377 shares in the last quarter. Institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a research report on Monday, April 7th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Morgan Stanley lowered their price objective on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company lifted their target price 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. Finally, StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Four equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Sealed Air Trading Up 4.5 %

NYSE SEE traded up $1.23 during mid-day trading on Tuesday, reaching $28.76. 759,394 shares of the stock were exchanged, compared to its average volume of 1,519,751. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market cap of $4.23 billion, a P/E ratio of 10.59 and a beta of 1.35. The stock has a 50 day simple moving average of $28.40 and a 200-day simple moving average of $32.72. Sealed Air Co. has a one year low of $22.78 and a one year high of $41.14.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. During the same period in the prior year, the business posted $0.78 EPS. Sealed Air's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air's payout ratio is 44.20%.

Insider Transactions at Sealed Air

In related news, Director Henry R. Keizer bought 1,120 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares in the company, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.