Proficio Capital Partners LLC Takes Position in Sealed Air Co. (NYSE:SEE)

Proficio Capital Partners LLC bought a new stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,180 shares of the industrial products company's stock, valued at approximately $717,000.

Other large investors have also recently made changes to their positions in the company. Swedbank AB increased its holdings in Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock valued at $78,678,000 after buying an additional 846,882 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company's stock valued at $83,542,000 after purchasing an additional 12,559 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Sealed Air by 84.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock valued at $68,182,000 after purchasing an additional 920,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sealed Air by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company's stock worth $55,716,000 after purchasing an additional 32,976 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its position in 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 worth $55,085,000 after purchasing an additional 548,493 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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Sealed Air Trading Up 0.8 %

Shares of NYSE SEE traded up $0.24 during trading on Wednesday, hitting $29.58. 1,251,189 shares of the company were exchanged, compared to its average volume of 1,437,208. 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 Co. has a 12-month low of $28.67 and a 12-month high of $41.14. The company has a fifty day moving average price of $32.95 and a 200-day moving average price of $34.46. The firm has a market capitalization of $4.31 billion, a PE ratio of 10.88 and a beta of 1.32.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results 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. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. As a group, equities research analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air's dividend payout ratio is presently 44.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SEE shares. Bank of America reduced their target price on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Mizuho cut their target price on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a report on Tuesday, March 4th. Finally, UBS Group increased 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 analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.25.

Insider Buying and Selling

In other news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

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.