Sealed Air Co. (NYSE:SEE) Stock Holdings Reduced by Barclays PLC

Barclays PLC cut its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 69.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,667 shares of the industrial products company's stock after selling 134,069 shares during the period. Barclays PLC's holdings in Sealed Air were worth $1,985,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC raised 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sealed Air during the 4th quarter worth $45,000. GAMMA Investing LLC raised its holdings 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 purchasing an additional 907 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Sealed Air by 89.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 712 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in 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 worth $51,000 after purchasing an additional 913 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Henry R. Keizer bought 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James reduced their price target on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 22nd. Mizuho reduced their target price on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company increased their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Bank of America reduced their price objective on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Five investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Trading Down 0.7 %

Sealed Air stock opened at $27.36 on Friday. The business has a 50 day moving average price of $28.65 and a two-hundred day moving average price of $32.88. 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 Co. has a 12 month low of $22.78 and a 12 month high of $41.14. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 10.06 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 74.21% and a net margin of 7.34%. Sealed Air's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

About Sealed Air

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.

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