Balyasny Asset Management L.P. Has $24.42 Million Holdings in Sealed Air Co. (NYSE:SEE)

Balyasny Asset Management L.P. decreased its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 721,896 shares of the industrial products company's stock after selling 258,307 shares during the quarter. Balyasny Asset Management L.P. owned 0.50% of Sealed Air worth $24,422,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SEE. Arizona State Retirement System increased its stake in 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 buying an additional 348 shares during the period. Horizon Kinetics Asset Management LLC increased its stake in shares of Sealed Air by 0.8% during 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 acquiring an additional 350 shares during the period. Choreo LLC raised its holdings in Sealed Air by 3.7% during the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock worth $331,000 after purchasing an additional 351 shares in the last quarter. Metis Global Partners LLC lifted its position in Sealed Air by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock worth $306,000 after purchasing an additional 375 shares during the period. Finally, Truist Financial Corp boosted its stake in Sealed Air by 3.3% during the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 377 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a report on Tuesday, March 4th. 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. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Mizuho cut their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Insiders Place Their Bets

In other news, Director Henry R. Keizer bought 1,120 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company's stock.

Sealed Air Stock Down 0.5 %

Shares of SEE traded down $0.14 during trading hours on Friday, reaching $30.59. The company's stock had a trading volume of 1,671,494 shares, compared to its average volume of 1,543,441. The company has a 50 day moving average of $28.19 and a two-hundred day moving average of $32.59. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $41.14. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 11.25 and a beta of 1.35. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results 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 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 quarter last year, the business posted $0.78 EPS. The company's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, research analysts predict that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced 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. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.62%. Sealed Air's dividend payout ratio (DPR) is currently 44.20%.

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.