Amundi Buys 43,458 Shares of Sealed Air Co. (NYSE:SEE)

Amundi raised its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 131.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,479 shares of the industrial products company's stock after buying an additional 43,458 shares during the quarter. Amundi owned about 0.05% of Sealed Air worth $2,576,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC raised its position in shares of 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 worth $41,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring 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 valued at about $45,000. Smartleaf Asset Management LLC grew its holdings in shares of Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after purchasing an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of 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 worth $53,000 after purchasing an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

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Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of the stock in a transaction dated 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 purchase, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

SEE has been the subject of a number of research reports. Citigroup cut their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research report on Tuesday, March 4th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, UBS Group raised their price objective on Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and an average target price of $40.25.

Sealed Air Trading Down 0.9 %

Shares of Sealed Air stock traded down $0.26 during trading on Thursday, reaching $29.57. 3,132,153 shares of the stock were exchanged, compared to its average volume of 1,414,384. Sealed Air Co. has a 1 year low of $29.33 and a 1 year high of $41.14. 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 $33.29 and its 200 day moving average is $34.61. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 10.87 and a beta of 1.32.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 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 the consensus estimate of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.71%. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

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.