Vulcan Value Partners LLC Has $24.34 Million Holdings in Sealed Air Co. (NYSE:SEE)

Vulcan Value Partners LLC trimmed its position in Sealed Air Co. (NYSE:SEE - Free Report) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 719,556 shares of the industrial products company's stock after selling 76,039 shares during the quarter. Vulcan Value Partners LLC owned approximately 0.49% of Sealed Air worth $24,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SEE. Two Sigma Securities LLC lifted its holdings in Sealed Air by 57.4% in the fourth quarter. Two Sigma Securities LLC now owns 11,017 shares of the industrial products company's stock worth $373,000 after acquiring an additional 4,017 shares during the last quarter. Nebula Research & Development LLC raised its holdings in shares of 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 valued at $1,623,000 after buying an additional 3,667 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Sealed Air during the fourth quarter worth approximately $282,000. T. Rowe Price Investment Management Inc. increased its position in 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 acquiring an additional 1,081,848 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 valued at $3,338,000 after acquiring an additional 8,491 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Performance

SEE stock traded down $0.10 during mid-day trading on Thursday, reaching $27.46. 504,526 shares of the stock traded hands, compared to its average volume of 1,694,704. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The business has a 50-day moving average of $28.74 and a two-hundred day moving average of $32.93. The firm has a market capitalization of $4.03 billion, a PE ratio of 10.10 and a beta of 1.35. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. As a group, equities analysts predict that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. Sealed Air's dividend payout ratio is currently 44.20%.

Insider Transactions at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SEE shares. Wells Fargo & Company boosted their price target on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a research note on Tuesday, March 4th. Truist Financial cut their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Citigroup dropped their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.00.

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.