Sealed Air Co. (NYSE:SEE) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. lifted its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 97.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,440 shares of the industrial products company's stock after buying an additional 24,414 shares during the period. Graham Capital Management L.P.'s holdings in Sealed Air were worth $1,673,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Manchester Capital Management LLC increased its position in 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after buying an additional 907 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sealed Air during the fourth quarter worth $45,000. Smartleaf Asset Management LLC increased its stake in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after buying an additional 913 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position 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 acquiring an additional 712 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Stock Performance

SEE stock traded down $0.65 during midday trading on Thursday, reaching $31.80. The stock had a trading volume of 2,788,953 shares, compared to its average volume of 1,554,936. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a fifty day simple moving average of $28.21 and a two-hundred day simple moving average of $32.51. The stock has a market cap of $4.68 billion, a PE ratio of 11.69 and a beta of 1.35. Sealed Air Co. has a 52-week low of $22.78 and a 52-week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, equities research 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 $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Friday, March 14th. Sealed Air's payout ratio is 39.60%.

Insiders Place Their Bets

In other Sealed Air 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, for a total transaction of $33,600.00. Following the purchase, the director now directly owns 35,000 shares in the company, valued at approximately $1,050,000. This trade represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho decreased their target price on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Raymond James reduced their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Truist Financial reduced their price target 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. Finally, UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air 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.