Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 38,100 Sealed Air Co. (NYSE:SEE)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Sealed Air Co. (NYSE:SEE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,100 shares of the industrial products company's stock, valued at approximately $1,383,000.

A number of other large investors have also recently modified their holdings of the business. Glenmede Trust Co. NA bought a new position in shares of Sealed Air during the third quarter worth about $321,000. Bridgewater Associates LP raised its holdings in Sealed Air by 38.8% during the 3rd quarter. Bridgewater Associates LP now owns 56,575 shares of the industrial products company's stock worth $2,054,000 after purchasing an additional 15,827 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Sealed Air by 24.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 561,577 shares of the industrial products company's stock worth $20,385,000 after purchasing an additional 110,806 shares during the period. FMR LLC grew its holdings in Sealed Air by 28.0% during the 3rd quarter. FMR LLC now owns 626,348 shares of the industrial products company's stock worth $22,736,000 after acquiring an additional 137,073 shares during the period. Finally, Qsemble Capital Management LP grew its position in shares of Sealed Air by 388.2% during the 3rd quarter. Qsemble Capital Management LP now owns 34,242 shares of the industrial products company's stock worth $1,243,000 after buying an additional 27,228 shares during the period. Institutional investors and hedge funds own 94.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SEE. Wells Fargo & Company increased their price target on Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target on the stock in a report on Thursday, October 17th. Truist Financial reduced their target price on Sealed Air from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut their target price on Sealed Air from $35.00 to $33.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Finally, StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Sealed Air Stock Performance

Shares of NYSE SEE traded up $0.01 during mid-day trading on Monday, hitting $36.61. The stock had a trading volume of 1,042,623 shares, compared to its average volume of 1,506,957. The company has a 50 day moving average of $35.84 and a two-hundred day moving average of $35.79. The firm has a market cap of $5.33 billion, a PE ratio of 13.46, a PEG ratio of 5.06 and a beta of 1.34. Sealed Air Co. has a twelve month low of $30.87 and a twelve month 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.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company's revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. Research analysts predict that Sealed Air Co. will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. Sealed Air's dividend payout ratio (DPR) is presently 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.