Balyasny Asset Management L.P. Sells 258,307 Shares of Sealed Air Co. (NYSE:SEE)

Balyasny Asset Management L.P. trimmed its position in Sealed Air Co. (NYSE:SEE - Free Report) by 26.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.50% of Sealed Air worth $24,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after purchasing an additional 913 shares during the period. A&I Financial Services LLC bought a new position in shares of Sealed Air during the 4th quarter worth about $527,000. Kwmg LLC increased its holdings in shares of Sealed Air by 5.0% during the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock worth $4,619,000 after purchasing an additional 6,527 shares during the period. Amundi increased its holdings in shares of Sealed Air by 131.6% during the 4th quarter. Amundi now owns 76,479 shares of the industrial products company's stock worth $2,576,000 after purchasing an additional 43,458 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sealed Air by 90.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock worth $51,101,000 after purchasing an additional 715,668 shares during the period. Institutional investors own 94.40% of the company's stock.

Sealed Air Price Performance

NYSE SEE traded up $1.20 during trading hours on Monday, reaching $31.77. 423,795 shares of the company's stock were exchanged, compared to its average volume of 1,540,640. The stock has a market cap of $4.67 billion, a PE ratio of 11.66 and a beta of 1.35. Sealed Air Co. has a one year low of $22.78 and a one year high of $41.14. The firm has a fifty day moving average of $28.19 and a 200-day moving average of $32.54. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

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, topping 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%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.78 EPS. Sealed Air's revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research 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 disclosed 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 yield of 2.52%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio is currently 39.60%.

Analysts Set New Price Targets

SEE has been the topic of several analyst reports. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target on the stock in a report on Monday, April 7th. Wells Fargo & Company boosted their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Morgan Stanley lowered 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 report on Monday, January 13th. Finally, Mizuho lowered their price target on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sealed Air currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value 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 trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.30% of the company's stock.

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.