Fox Run Management L.L.C. Boosts Holdings in Sealed Air Co. (NYSE:SEE)

Fox Run Management L.L.C. raised its holdings in shares of Sealed Air Co. (NYSE:SEE) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,829 shares of the industrial products company’s stock after buying an additional 4,387 shares during the period. Fox Run Management L.L.C.’s holdings in Sealed Air were worth $434,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SEE. Quarry LP increased its stake in shares of Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 311 shares in the last quarter. Arizona State Retirement System grew its holdings in Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after purchasing an additional 348 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in shares of Sealed Air by 0.8% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after buying an additional 350 shares during the period. Choreo LLC lifted its position in shares of Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after buying an additional 351 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 375 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Morgan Stanley lowered 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. Mizuho cut their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Finally, Bank of America cut their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Insider Buying and Selling

In other news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, with a total value of $33,600.00. Following 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Sealed Air Trading Down 0.7 %

Shares of SEE opened at $29.35 on Wednesday. Sealed Air Co. has a fifty-two week low of $28.67 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company’s fifty day moving average is $32.95 and its 200 day moving average is $34.46. The stock has a market capitalization of $4.28 billion, a PE ratio of 10.79 and a beta of 1.32.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion for 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 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. Sell-side analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.73%. Sealed Air’s payout ratio is presently 44.20%.

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.