Kentucky Retirement Systems Insurance Trust Fund Takes $237,000 Position in Sealed Air Co. (NYSE:SEE)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Sealed Air Co. (NYSE:SEE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,947 shares of the industrial products company’s stock, valued at approximately $237,000.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC raised its position in shares of Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sealed Air in the fourth quarter valued at about $45,000. GAMMA Investing LLC raised its position in shares of Sealed Air by 218.0% in the fourth 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 during the period. Acuitas Investments LLC raised its position in shares of Sealed Air by 64.3% in the fourth quarter. Acuitas Investments LLC now owns 2,300 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 900 shares during the period. Finally, Quarry LP raised its position in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the period. 94.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SEE shares. 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 report on Monday, January 6th. UBS Group decreased their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Mizuho reduced their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their price target 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, StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Stock Down 1.4 %

Sealed Air stock opened at $33.19 on Thursday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The firm has a 50 day moving average price of $34.38 and a two-hundred day moving average price of $34.95. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 12.20 and a beta of 1.34.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. Sealed Air’s dividend payout ratio (DPR) is 29.41%.

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.