Bank of Montreal Can Grows Holdings in Sealed Air Co. (NYSE:SEE)

Bank of Montreal Can lifted its position in Sealed Air Co. (NYSE:SEE - Free Report) by 120.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 566,918 shares of the industrial products company's stock after buying an additional 310,277 shares during the period. Bank of Montreal Can owned approximately 0.39% of Sealed Air worth $19,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SEE. Manchester Capital Management LLC raised its position in Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sealed Air by 218.0% during the 4th 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sealed Air during the fourth quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its position in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew 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 purchasing an additional 712 shares in the last quarter. Institutional investors own 94.40% of the company's stock.

Sealed Air Stock Up 1.9 %

Shares of SEE stock traded up $0.50 during mid-day trading on Thursday, hitting $26.37. The stock had a trading volume of 339,165 shares, compared to its average volume of 1,532,086. 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 firm's 50-day moving average is $30.05 and its two-hundred day moving average is $33.50. The firm has a market capitalization of $3.84 billion, a P/E ratio of 9.67 and a beta of 1.35. Sealed Air Co. has a 12-month low of $22.78 and a 12-month high of $41.14.

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

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 3.03%. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

Insider Buying and Selling

In other news, Director Henry R. Keizer purchased 1,120 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price 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 $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SEE shares. Bank of America reduced their price objective on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company raised 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. Truist Financial raised their price target on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 6th. Citigroup lowered their target price 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. Finally, UBS Group upgraded shares of 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. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.42.

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.