PDT Partners LLC Has $904,000 Position in Sealed Air Co. (NYSE:SEE)

PDT Partners LLC reduced its position in Sealed Air Co. (NYSE:SEE - Free Report) by 61.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,894 shares of the industrial products company's stock after selling 40,385 shares during the period. PDT Partners LLC's holdings in Sealed Air were worth $904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors increased its position in Sealed Air by 21.1% in the third quarter. Captrust Financial Advisors now owns 19,557 shares of the industrial products company's stock worth $710,000 after purchasing an additional 3,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sealed Air by 8.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,089 shares of the industrial products company's stock valued at $1,165,000 after purchasing an additional 2,558 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of Sealed Air during the 3rd quarter worth approximately $376,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Sealed Air during the third quarter worth approximately $1,383,000. Finally, Glenmede Trust Co. NA acquired a new position in Sealed Air in the third quarter valued at approximately $321,000. Institutional investors own 94.40% of the company's stock.

Sealed Air Stock Up 0.0 %

Shares of Sealed Air stock traded up $0.01 on Monday, hitting $36.61. The company had a trading volume of 1,042,623 shares, compared to its average volume of 1,506,957. Sealed Air Co. has a twelve month low of $30.87 and a twelve month 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 50-day moving average of $35.84 and a 200-day moving average of $35.79. The firm has a market capitalization of $5.33 billion, a P/E ratio of 13.46, a P/E/G ratio of 5.06 and a beta of 1.34.

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

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, December 6th. Sealed Air's dividend payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

SEE has been the subject of a number of analyst reports. Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 target price for the company in a report on Thursday, October 17th. Truist Financial dropped their price objective on Sealed Air from $44.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their target price on Sealed Air from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, August 9th. Finally, Morgan Stanley assumed coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $41.00.

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.