12,944 Shares in Sealed Air Co. (NYSE:SEE) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Sealed Air Co. (NYSE:SEE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,944 shares of the industrial products company's stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEE. Smartleaf Asset Management LLC lifted its holdings in shares of Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after acquiring an additional 913 shares during the last quarter. A&I Financial Services LLC purchased a new stake in Sealed Air in the 4th quarter worth about $527,000. Kwmg LLC lifted its stake in Sealed Air by 5.0% in the fourth quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock worth $4,619,000 after purchasing an additional 6,527 shares during the last quarter. Amundi boosted its position in shares of Sealed Air by 131.6% during the fourth quarter. Amundi now owns 76,479 shares of the industrial products company's stock valued at $2,576,000 after buying an additional 43,458 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its stake in shares of Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company's stock valued at $55,085,000 after buying an additional 548,493 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer bought 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 transaction, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup decreased their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Mizuho decreased their target price on Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price target 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. Morgan Stanley lowered their price objective on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Bank of America reduced 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 report on Monday, January 6th. Six equities research 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. According to MarketBeat, Sealed Air currently has an average rating of "Moderate Buy" and a consensus target price of $40.25.

Sealed Air Stock Down 10.0 %

Sealed Air stock traded down $2.70 during mid-day trading on Friday, reaching $24.39. 3,464,529 shares of the company were exchanged, compared to its average volume of 1,495,084. Sealed Air Co. has a 12-month low of $24.35 and a 12-month high of $41.14. The business has a fifty day moving average of $31.89 and a 200 day moving average of $34.16. The firm has a market cap of $3.55 billion, a P/E ratio of 8.97 and a beta of 1.35. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The company 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 firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.28%. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

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.