Sealed Air Co. (NYSE:SEE) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its position in shares of Sealed Air Co. (NYSE:SEE) by 97.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 49,440 shares of the industrial products company’s stock after acquiring an additional 24,414 shares during the quarter. Graham Capital Management L.P.’s holdings in Sealed Air were worth $1,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Sealed Air by 17.7% during the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock valued at $620,117,000 after buying an additional 2,754,395 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Sealed Air by 9.6% during 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 during the last quarter. Invesco Ltd. raised its stake in shares of Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after buying an additional 1,549,184 shares during the last quarter. Swedbank AB raised its stake in shares of Sealed Air by 57.3% during the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after buying an additional 846,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sealed Air by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock valued at $74,583,000 after buying an additional 178,592 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SEE shares. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research note on Tuesday, March 4th. UBS Group upgraded Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, April 7th. Truist Financial cut their price target on Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley cut their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insiders Place Their Bets

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

Sealed Air Price Performance

NYSE:SEE opened at $30.59 on Monday. Sealed Air Co. has a 12 month low of $22.78 and a 12 month high of $41.14. The stock has a 50 day moving average of $28.19 and a two-hundred day moving average of $32.54. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.50 billion, a P/E ratio of 11.25 and a beta of 1.35.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $0.78 EPS. Sealed Air’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts expect 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 paid a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.62%. Sealed Air’s dividend payout ratio (DPR) is currently 39.60%.

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.