Brandes Investment Partners LP Has $18.70 Million Position in Sealed Air Co. (NYSE:SEE)

Brandes Investment Partners LP grew its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,706 shares of the industrial products company's stock after acquiring an additional 120,994 shares during the period. Brandes Investment Partners LP owned 0.38% of Sealed Air worth $18,698,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew 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 valued at $51,000 after acquiring an additional 913 shares in the last quarter. A&I Financial Services LLC bought a new position in shares of Sealed Air in the 4th quarter valued at about $527,000. Kwmg LLC grew its holdings in shares of Sealed Air by 5.0% in the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock valued at $4,619,000 after acquiring an additional 6,527 shares in the last quarter. Empowered Funds LLC bought a new position in Sealed Air during the third quarter worth about $1,497,000. Finally, Maple Rock Capital Partners Inc. grew its holdings in Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company's stock worth $55,085,000 after purchasing an additional 548,493 shares during the period. Institutional investors own 94.40% of the company's stock.

Insider Activity

In other news, Director Henry R. Keizer purchased 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the purchase, the director now owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of research firms recently commented on SEE. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Bank of America reduced their price target on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday, January 6th. UBS Group lifted their price target on Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Truist Financial boosted 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, Mizuho decreased their target price on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sealed Air currently has a consensus rating of "Moderate Buy" and an average price target of $40.25.

Sealed Air Price Performance

NYSE SEE traded up $0.29 on Friday, hitting $29.85. 1,252,096 shares of the company's stock were exchanged, compared to its average volume of 1,401,093. The stock has a 50-day moving average of $33.53 and a 200-day moving average of $34.71. 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 Co. has a 52 week low of $29.33 and a 52 week high of $41.14. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 10.97 and a beta of 1.32.

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 for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. 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 will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, March 14th. Sealed Air's payout ratio is 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.