Sealed Air Co. (NYSE:SEE) Shares Acquired by Amundi

Amundi grew its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 131.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,479 shares of the industrial products company's stock after purchasing an additional 43,458 shares during the quarter. Amundi owned approximately 0.05% of Sealed Air worth $2,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Manchester Capital Management LLC increased its position in shares of Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC grew its holdings in 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. acquired a new stake in shares of Sealed Air in the 4th quarter worth $45,000. Smartleaf Asset Management LLC raised its holdings in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after acquiring an additional 913 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Sealed Air by 98.4% during the 4th 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. Hedge funds and other institutional investors own 94.40% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SEE shares. Wells Fargo & Company lifted their target price on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 6th. Jefferies Financial Group set a $36.00 target price on Sealed Air in a research note on Tuesday, March 4th. UBS Group upped their price target on Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. 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 stock. According to MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and an average price target of $40.25.

Sealed Air Stock Down 0.9 %

Sealed Air stock traded down $0.28 during mid-day trading on Tuesday, reaching $29.90. 629,134 shares of the company's stock were exchanged, compared to its average volume of 1,405,190. The company has a fifty day moving average of $33.46 and a 200-day moving average of $34.68. The company has a market cap of $4.36 billion, a P/E ratio of 10.99 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a twelve month low of $29.33 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released 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 firm had revenue of $1.37 billion during 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%. Sealed Air's revenue was down .4% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. Sell-side analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

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

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. The trade was a 3.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

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.