American Century Companies Inc. Grows Holdings in Sealed Air Co. (NYSE:SEE)

American Century Companies Inc. increased its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,019 shares of the industrial products company's stock after acquiring an additional 18,221 shares during the quarter. American Century Companies Inc. owned about 0.10% of Sealed Air worth $5,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB increased its position in shares of Sealed Air by 57.3% during the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after purchasing an additional 846,882 shares in the last quarter. Geode Capital Management LLC grew its stake in Sealed Air by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company's stock worth $83,542,000 after buying an additional 12,559 shares during the last quarter. Victory Capital Management Inc. increased its position in Sealed Air by 84.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock worth $68,182,000 after buying an additional 920,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Sealed Air by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company's stock valued at $55,716,000 after buying an additional 32,976 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company's stock valued at $28,853,000 after acquiring an additional 662,606 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

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Sealed Air Price Performance

Shares of SEE traded up $3.13 during trading hours on Wednesday, reaching $27.06. The company had a trading volume of 4,331,449 shares, compared to its average volume of 1,523,048. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 9.95 and a beta of 1.35. Sealed Air Co. has a 12-month low of $22.78 and a 12-month high of $41.14. The firm has a 50 day simple moving average of $30.89 and a 200-day simple moving average of $33.83. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 7.34% and a return on equity of 74.21%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Research analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

Insider Buying and Selling

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SEE. Mizuho reduced 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 reduced their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target on the stock in a report on Monday. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group set a $36.00 target price on Sealed Air in a research note on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued 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 price target of $40.25.

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.