Invesco Ltd. Acquires 1,549,184 Shares of Sealed Air Co. (NYSE:SEE)

Invesco Ltd. grew its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 69.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,788,839 shares of the industrial products company's stock after acquiring an additional 1,549,184 shares during the period. Invesco Ltd. owned about 2.60% of Sealed Air worth $128,176,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SEE. Smartleaf Asset Management LLC grew 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 valued at $51,000 after purchasing an additional 913 shares during the period. A&I Financial Services LLC purchased a new position in shares of Sealed Air during the 4th quarter valued at $527,000. Kwmg LLC grew its stake in shares of Sealed Air by 5.0% during the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock worth $4,619,000 after acquiring an additional 6,527 shares during the period. Amundi increased its holdings in Sealed Air by 131.6% in the 4th quarter. Amundi now owns 76,479 shares of the industrial products company's stock worth $2,576,000 after acquiring an additional 43,458 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Sealed Air by 90.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock valued at $51,101,000 after acquiring an additional 715,668 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

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Insiders Place Their Bets

In other news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares in the company, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their target price 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. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Mizuho cut their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday. UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company upped their target price on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.42.

Sealed Air Trading Down 1.6 %

NYSE SEE traded down $0.42 on Tuesday, hitting $26.15. The company's stock had a trading volume of 1,811,399 shares, compared to its average volume of 1,537,462. The firm has a market cap of $3.81 billion, a P/E ratio of 9.61 and a beta of 1.35. Sealed Air Co. has a 52-week low of $22.78 and a 52-week high of $41.14. The company's 50-day simple moving average is $30.21 and its 200 day simple moving average is $33.55. 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 (NYSE:SEE - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. Research analysts predict that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 3.06%. 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.