Sealed Air Co. (NYSE:SEE) Holdings Raised by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 186.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,857 shares of the industrial products company's stock after purchasing an additional 288,044 shares during the period. Nordea Investment Management AB owned about 0.30% of Sealed Air worth $15,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP grew its position in Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after acquiring an additional 311 shares in the last quarter. Everence Capital Management Inc. raised its holdings in Sealed Air by 2.8% during the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company's stock worth $506,000 after purchasing an additional 380 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Sealed Air by 3.5% in the 2nd quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company's stock valued at $401,000 after purchasing an additional 393 shares during the last quarter. Raymond James Trust N.A. grew its position in Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company's stock worth $509,000 after purchasing an additional 466 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its stake in shares of Sealed Air by 1.3% during the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company's stock worth $1,275,000 after purchasing an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup reduced their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a report on Monday. Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price objective for the company in a research note on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of Sealed Air from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday. Bank of America decreased their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday. Finally, StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.17.

Sealed Air Stock Down 1.5 %

Shares of Sealed Air stock traded down $0.51 during trading hours on Thursday, hitting $33.71. 1,139,822 shares of the company's stock traded hands, compared to its average volume of 1,124,404. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14. The stock has a 50 day simple moving average of $35.35 and a 200-day simple moving average of $35.22. The company has a market cap of $4.91 billion, a PE ratio of 12.39, a PEG ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.77 EPS. Sealed Air's quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Sealed Air Co. will post 3.06 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, December 6th. Sealed Air's payout ratio is currently 29.41%.

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.