Sealed Air Co. (NYSE:SEE) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 491,145 shares of the industrial products company's stock after selling 124,397 shares during the period. ExodusPoint Capital Management LP owned about 0.34% of Sealed Air worth $16,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after acquiring an additional 2,754,395 shares in the last quarter. Swedbank AB grew its stake in Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after purchasing an additional 846,882 shares in the last quarter. Geode Capital Management LLC grew its stake in Sealed Air by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company's stock worth $83,542,000 after purchasing an additional 12,559 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Sealed Air by 84.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock worth $68,182,000 after purchasing an additional 920,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Sealed Air by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company's stock valued at $55,716,000 after purchasing an additional 32,976 shares in the last quarter. Institutional investors own 94.40% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Bank of America dropped their target price on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 6th. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a report on Monday. Citigroup lowered their target price on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a report on Monday, January 6th. Wells Fargo & Company lifted their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley decreased their price objective on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.25.

Insider Buying and Selling

In related news, Director Henry R. Keizer bought 1,120 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company's stock, valued at $1,050,000. This represents a 3.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Sealed Air Price Performance

NYSE SEE traded up $3.13 on Wednesday, hitting $27.06. The company had a trading volume of 4,331,449 shares, compared to its average volume of 1,523,048. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company's fifty day moving average price is $30.89 and its 200-day moving average price is $33.83. The company has a market capitalization of $3.94 billion, a PE ratio of 9.95 and a beta of 1.35. Sealed Air Co. has a 12-month low of $22.78 and a 12-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 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 business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. As a group, analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.96%. Sealed Air's dividend payout ratio 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.