Sealed Air Co. (NYSE:SEE) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP lowered its position in Sealed Air Co. (NYSE:SEE - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,400 shares of the industrial products company's stock after selling 49,400 shares during the quarter. Sealed Air makes up approximately 2.6% of Kiltearn Partners LLP's portfolio, making the stock its 16th biggest position. Kiltearn Partners LLP owned approximately 0.31% of Sealed Air worth $15,508,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Sealed Air by 148.0% during 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 during the period. A&I Financial Services LLC acquired a new stake in shares of Sealed Air in the fourth quarter worth approximately $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 valued at $4,619,000 after buying an additional 6,527 shares during the period. Amundi increased its stake in Sealed Air by 131.6% during the fourth 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, Maple Rock Capital Partners Inc. increased its position in Sealed Air by 56.6% during the 3rd 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 in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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Sealed Air Stock Up 0.4 %

Shares of NYSE:SEE traded up $0.13 during midday trading on Tuesday, reaching $29.03. The company had a trading volume of 265,321 shares, compared to its average volume of 1,488,221. Sealed Air Co. has a one year low of $28.37 and a one year high of $41.14. 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 stock has a market capitalization of $4.23 billion, a P/E ratio of 10.67 and a beta of 1.32. The stock's fifty day moving average price is $32.53 and its 200-day moving average price is $34.36.

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 net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. The company's revenue was down .4% on a year-over-year basis. Equities research analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Henry R. Keizer purchased 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts 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 on the stock in a report on Monday, January 13th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Mizuho dropped their target price on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Citigroup reduced their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air has an average rating of "Moderate Buy" and a consensus price target of $40.25.

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.