A&I Financial Services LLC Buys New Holdings in Sealed Air Co. (NYSE:SEE)

A&I Financial Services LLC bought a new position in shares of Sealed Air Co. (NYSE:SEE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,585 shares of the industrial products company's stock, valued at approximately $527,000.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC raised its stake in 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 in the last quarter. GAMMA Investing LLC raised its position in shares of Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after buying an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sealed Air during the 4th quarter worth approximately $45,000. Acuitas Investments LLC boosted its position in shares of Sealed Air by 64.3% during the 4th quarter. Acuitas Investments LLC now owns 2,300 shares of the industrial products company's stock worth $78,000 after acquiring an additional 900 shares in the last quarter. Finally, Quarry LP increased its stake in 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 acquiring an additional 311 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SEE shares. Wells Fargo & Company upped their target price on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their target price 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. 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. Finally, Citigroup decreased their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.17.

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Sealed Air Trading Down 4.7 %

Shares of Sealed Air stock traded down $1.60 during trading on Monday, hitting $32.58. The company's stock had a trading volume of 1,772,230 shares, compared to its average volume of 1,314,443. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 11.98 and a beta of 1.34. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The stock has a 50-day moving average price of $34.12 and a two-hundred day moving average price of $34.93. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

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

Sealed Air Dividend Announcement

The firm 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air's dividend payout ratio (DPR) 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.