AlphaQuest LLC Sells 8,968 Shares of Sealed Air Co. (NYSE:SEE)

AlphaQuest LLC lowered its position in Sealed Air Co. (NYSE:SEE - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 quarter.

Several other institutional investors have also recently made changes to their positions in SEE. Manchester Capital Management LLC increased 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 acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 907 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sealed Air in the fourth quarter valued at $45,000. Smartleaf Asset Management LLC increased its stake in Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 913 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 778 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on SEE shares. 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 research note on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Mizuho cut their price target on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, UBS Group upped their price target on shares of Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Six research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.25.

Sealed Air Trading Up 0.6 %

Shares of Sealed Air stock traded up $0.17 during trading on Monday, reaching $30.04. 181,573 shares of the stock were exchanged, compared to its average volume of 1,396,422. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock's fifty day moving average is $33.53 and its 200 day moving average is $34.71. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 11.04 and a beta of 1.32. Sealed Air Co. has a 1 year low of $28.89 and a 1 year high of $41.14.

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

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, March 14th. Sealed Air's dividend payout ratio is 44.20%.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company's stock.

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.