Tudor Investment Corp ET AL Sells 236,895 Shares of Sealed Air Co. (NYSE:SEE)

Tudor Investment Corp ET AL reduced its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 57.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,958 shares of the industrial products company's stock after selling 236,895 shares during the quarter. Tudor Investment Corp ET AL owned 0.12% of Sealed Air worth $5,919,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SEE. Two Sigma Securities LLC grew its holdings in shares of Sealed Air by 57.4% during the 4th quarter. Two Sigma Securities LLC now owns 11,017 shares of the industrial products company's stock worth $373,000 after purchasing an additional 4,017 shares in the last quarter. Nebula Research & Development LLC boosted its stake in Sealed Air by 8.3% during the fourth quarter. Nebula Research & Development LLC now owns 47,980 shares of the industrial products company's stock worth $1,623,000 after buying an additional 3,667 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Sealed Air in the 4th quarter valued at $282,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock valued at $416,657,000 after buying an additional 1,081,848 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Sealed Air by 9.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,648 shares of the industrial products company's stock worth $3,338,000 after acquiring an additional 8,491 shares during the period. 94.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SEE shares. Truist Financial dropped their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target on the stock in a research note on Monday, April 7th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research note on Tuesday, March 4th. Morgan Stanley reduced their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Citigroup dropped their target price on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Four 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. Based on data from MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Price Performance

Shares of SEE stock traded up $0.70 during trading hours on Friday, reaching $28.01. 1,577,173 shares of the company were exchanged, compared to its average volume of 1,518,619. Sealed Air Co. has a fifty-two week low of $22.78 and a fifty-two week high of $41.14. 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 stock's fifty day moving average is $28.53 and its two-hundred day moving average is $32.81. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 10.30 and a beta of 1.35.

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, beating analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion for 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%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. Sell-side analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.86%. Sealed Air's dividend payout ratio is currently 44.20%.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the business's 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 directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.30% of the company's stock.

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.