Royce & Associates LP Acquires Shares of 14,598 Sealed Air Co. (NYSE:SEE)

Royce & Associates LP purchased a new position in Sealed Air Co. (NYSE:SEE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,598 shares of the industrial products company's stock, valued at approximately $494,000.

Other large investors have also bought and sold shares of the company. Quarry LP lifted its stake in shares of 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 purchasing an additional 311 shares during the period. Arizona State Retirement System lifted its position in Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock valued at $1,430,000 after buying an additional 348 shares during the period. Choreo LLC boosted its holdings 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 valued at $331,000 after buying an additional 351 shares in the last quarter. Metis Global Partners LLC grew its position in shares of Sealed Air by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock worth $306,000 after buying an additional 375 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Sealed Air by 3.3% in the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock worth $399,000 after acquiring an additional 377 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEE shares. Wells Fargo & Company boosted their price objective 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. UBS Group raised their price objective on Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Mizuho lowered their price objective on Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. 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, January 6th. Finally, Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Six investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.25.

Sealed Air Stock Performance

NYSE:SEE traded up $0.24 during trading hours on Wednesday, reaching $29.58. The company had a trading volume of 1,251,189 shares, compared to its average volume of 1,437,208. The firm's 50 day moving average price is $32.95 and its 200-day moving average price is $34.46. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 10.88 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 52 week low of $28.67 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.70%. Sealed Air's dividend payout ratio (DPR) is 44.20%.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now 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 legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

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.