Sealed Air Co. (NYSE:SEE) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,670 shares of the industrial products company's stock after selling 8,968 shares during the quarter. AlphaQuest LLC's holdings in Sealed Air were worth $361,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Quarry LP grew its holdings in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after buying an additional 311 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of 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 worth $1,430,000 after purchasing an additional 348 shares during the last quarter. Choreo LLC boosted its holdings in shares of Sealed Air by 3.7% during the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock worth $331,000 after purchasing an additional 351 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock worth $306,000 after purchasing an additional 375 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock worth $399,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

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Sealed Air Stock Up 1.0 %

Shares of NYSE SEE traded up $0.29 during midday trading on Friday, reaching $29.85. 1,252,096 shares of the company's stock were exchanged, compared to its average volume of 1,403,715. Sealed Air Co. has a 52-week low of $29.33 and a 52-week high of $41.14. The stock has a market capitalization of $4.35 billion, a PE ratio of 10.97 and a beta of 1.32. 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 business's fifty day moving average price is $33.53 and its two-hundred day moving average price is $34.70.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air's dividend payout ratio is currently 44.20%.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SEE. Morgan Stanley decreased their price objective on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Bank of America reduced their target price on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lifted their target price on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Truist Financial lifted their target price on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 target price on Sealed Air in a report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sealed Air presently has an average rating of "Moderate Buy" and an average price target of $40.25.

About Sealed Air

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.