LPL Financial LLC Has $1.55 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

LPL Financial LLC trimmed its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 25.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,752 shares of the industrial products company's stock after selling 15,351 shares during the period. LPL Financial LLC's holdings in Sealed Air were worth $1,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Manchester Capital Management LLC increased its holdings in shares of Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC increased its stake in Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sealed Air in the fourth quarter valued at about $45,000. Smartleaf Asset Management LLC increased its stake in Sealed Air by 148.0% in the fourth 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. Finally, Jones Financial Companies Lllp increased its stake 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 valued at $53,000 after acquiring an additional 778 shares during the period. Institutional investors own 94.40% of the company's stock.

Sealed Air Price Performance

Shares of SEE stock traded up $0.83 during trading hours on Wednesday, reaching $27.56. 133,124 shares of the company were exchanged, compared to its average volume of 1,695,007. The stock's fifty day moving average is $29.44 and its two-hundred day moving average is $33.22. Sealed Air Co. has a fifty-two week low of $22.78 and a fifty-two week high of $41.14. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 10.13 and a beta of 1.35. 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 (NYSE:SEE - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $0.88 earnings per share. Sealed Air's revenue was down .4% compared to the same quarter last year. Sell-side analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed 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 yield of 2.90%. Sealed Air's dividend payout ratio is currently 44.20%.

Analyst Ratings Changes

A number of analysts recently weighed in on SEE shares. Bank of America lowered their target price on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered 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 research note on Monday, January 13th. Citigroup decreased their price objective on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Truist Financial decreased their price objective on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company upped their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The acquisition 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 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.