Arrowstreet Capital Limited Partnership Decreases Stock Position in Sealed Air Co. (NYSE:SEE)

Arrowstreet Capital Limited Partnership lowered its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 71.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,135 shares of the industrial products company's stock after selling 116,341 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Sealed Air were worth $1,595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC raised its position 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 purchasing an additional 700 shares during the period. GAMMA Investing LLC boosted its stake in Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after buying an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sealed Air during the fourth quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its holdings in shares of Sealed Air by 148.0% in 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 last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock worth $51,000 after purchasing an additional 712 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have recently commented on SEE. Bank of America lowered their price target on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Mizuho lowered their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a report on Monday, April 7th. Finally, Wells Fargo & Company increased their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Five investment 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 stock. Based on data from MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and an average price target of $39.42.

Sealed Air Stock Performance

SEE traded down $0.43 on Tuesday, reaching $26.13. The company had a trading volume of 993,165 shares, compared to its average volume of 1,533,828. 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 1 year low of $22.78 and a 1 year high of $41.14. The stock has a market capitalization of $3.81 billion, a PE ratio of 9.61 and a beta of 1.35. The stock has a 50-day moving average price of $30.38 and a 200-day moving average price of $33.60.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The business 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 business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, research analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.06%. Sealed Air's dividend payout ratio is presently 44.20%.

Insider Activity

In related news, Director Henry R. Keizer purchased 1,120 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

About Sealed Air

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.