Sealed Air Co. (NYSE:SEE) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,418 shares of the industrial products company's stock after acquiring an additional 9,463 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Sealed Air were worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SEE. Quarry LP raised its position in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after buying an additional 311 shares during the last quarter. Arizona State Retirement System grew its stake in Sealed Air by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock worth $1,430,000 after acquiring an additional 348 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock valued at $1,470,000 after acquiring an additional 350 shares during the last quarter. Choreo LLC lifted its stake in shares of Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock worth $331,000 after purchasing an additional 351 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in shares of Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock worth $306,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

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Insider Activity at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the purchase, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company's stock.

Sealed Air Stock Performance

Shares of SEE stock traded down $2.70 on Friday, hitting $24.39. 3,464,529 shares of the stock traded hands, compared to its average volume of 1,495,084. The company's fifty day moving average is $31.89 and its 200 day moving average is $34.16. Sealed Air Co. has a 1-year low of $24.35 and a 1-year high of $41.14. The company has a market capitalization of $3.55 billion, a PE ratio of 8.97 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 issued 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. 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 for the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. On average, equities research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 dividend on an annualized basis and a yield of 3.28%. Sealed Air's dividend payout ratio is currently 44.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Citigroup decreased their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company upped their price objective on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Truist Financial increased their target price on Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, UBS Group lifted their target price on Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.