Heartland Advisors Inc. Buys 17,650 Shares of Sealed Air Co. (NYSE:SEE)

Heartland Advisors Inc. boosted its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,872 shares of the industrial products company's stock after buying an additional 17,650 shares during the quarter. Heartland Advisors Inc. owned approximately 0.25% of Sealed Air worth $12,141,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in 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 acquiring an additional 700 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Sealed Air by 218.0% in the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sealed Air during the fourth quarter valued at about $45,000. Smartleaf Asset Management LLC increased its holdings in Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after buying an additional 913 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock worth $53,000 after acquiring an additional 778 shares during the period. 94.40% of the stock is currently owned by institutional investors.

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Insider Activity

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 35,000 shares of the company's stock, valued at $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company's stock.

Sealed Air Trading Up 0.2 %

Sealed Air stock traded up $0.07 during trading hours on Tuesday, reaching $28.97. The stock had a trading volume of 307,792 shares, compared to its average volume of 1,488,414. The stock has a market cap of $4.22 billion, a PE ratio of 10.64 and a beta of 1.32. The company has a fifty day simple moving average of $32.53 and a 200-day simple moving average of $34.36. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air Co. has a 52 week low of $28.37 and a 52 week high of $41.14.

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, topping analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion for 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 revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. Analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio is currently 44.20%.

Wall Street Analyst Weigh In

SEE has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of 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. Citigroup lowered their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Bank of America cut their price objective on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday, January 6th. Mizuho dropped 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. Finally, Truist Financial boosted their price objective on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.