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

Amundi increased its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 131.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,479 shares of the industrial products company's stock after buying an additional 43,458 shares during the period. Amundi owned 0.05% of Sealed Air worth $2,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SEE. KBC Group NV grew its position in Sealed Air by 20.1% during the 3rd quarter. KBC Group NV now owns 4,595 shares of the industrial products company's stock worth $167,000 after acquiring an additional 769 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Sealed Air by 38.8% in the third quarter. Metis Global Partners LLC now owns 8,664 shares of the industrial products company's stock worth $315,000 after purchasing an additional 2,420 shares during the last quarter. ING Groep NV bought a new stake in shares of Sealed Air in the 3rd quarter worth approximately $3,510,000. Empowered Funds LLC bought a new stake in shares of Sealed Air in the 3rd quarter worth approximately $1,497,000. Finally, Quest Partners LLC grew its position in shares of Sealed Air by 12.7% in the 3rd quarter. Quest Partners LLC now owns 19,638 shares of the industrial products company's stock worth $713,000 after buying an additional 2,207 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now owns 35,000 shares of the company's stock, valued at $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 SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

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Sealed Air Stock Performance

Shares of NYSE SEE traded up $0.32 during trading hours on Monday, reaching $30.19. The stock had a trading volume of 1,920,274 shares, compared to its average volume of 1,403,170. Sealed Air Co. has a fifty-two week low of $28.89 and a fifty-two week high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 11.10 and a beta of 1.32. The firm has a 50-day moving average of $33.53 and a 200-day moving average of $34.71.

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

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, March 14th. Sealed Air's payout ratio is currently 44.20%.

Analyst Ratings Changes

Several research firms recently weighed in on SEE. Citigroup dropped their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Truist Financial increased their price target on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 6th. UBS Group increased their price target on shares of Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Wells Fargo & Company raised their price objective on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.25.

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.