Russell Investments Group Ltd. Trims Holdings in Sealed Air Co. (NYSE:SEE)

Russell Investments Group Ltd. cut its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 68.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,599 shares of the industrial products company's stock after selling 209,527 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Sealed Air worth $3,268,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SEE. Vanguard Group Inc. boosted its stake in Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after acquiring an additional 2,754,395 shares in the last quarter. Swedbank AB raised its position in Sealed Air by 57.3% during the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after buying an additional 846,882 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company's stock worth $83,542,000 after purchasing an additional 12,559 shares during the last quarter. Victory Capital Management Inc. lifted its position in Sealed Air by 84.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock valued at $68,182,000 after purchasing an additional 920,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sealed Air by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company's stock valued at $55,716,000 after purchasing an additional 32,976 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Price Performance

SEE traded up $0.70 during trading on Tuesday, reaching $26.72. The company's stock had a trading volume of 1,265,658 shares, compared to its average volume of 1,535,961. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 9.82 and a beta of 1.35. The firm has a fifty day simple moving average of $29.44 and a two-hundred day simple moving average of $33.22. Sealed Air Co. has a 1 year low of $22.78 and a 1 year high of $41.14. 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 announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.88 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. As a group, analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEE. Mizuho decreased their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Bank of America decreased their price target on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday, January 6th. Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a report on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Insider Buying and Selling at Sealed Air

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. 0.30% of the stock is currently owned by company insiders.

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.