Sealed Air Co. (NYSE:SEE) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 528,368 shares of the industrial products company's stock after buying an additional 58,273 shares during the quarter. Natixis Advisors LLC owned approximately 0.36% of Sealed Air worth $17,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV increased its stake in Sealed Air by 20.1% in the third quarter. KBC Group NV now owns 4,595 shares of the industrial products company's stock worth $167,000 after purchasing an additional 769 shares during the period. Metis Global Partners LLC increased its position in shares of Sealed Air by 38.8% during the third quarter. Metis Global Partners LLC now owns 8,664 shares of the industrial products company's stock worth $315,000 after acquiring an additional 2,420 shares during the period. Empowered Funds LLC bought a new stake in shares of Sealed Air during the third quarter valued at approximately $1,497,000. Quest Partners LLC boosted its holdings in shares of Sealed Air by 12.7% in the third quarter. Quest Partners LLC now owns 19,638 shares of the industrial products company's stock valued at $713,000 after purchasing an additional 2,207 shares during the period. Finally, Commerce Bank grew its stake in Sealed Air by 67.6% in the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company's stock worth $1,329,000 after purchasing an additional 14,766 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SEE. Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday, January 6th. Truist Financial increased their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Mizuho reduced their price target on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley cut their price objective on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.25.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

Sealed Air Stock Down 1.6 %

Shares of SEE traded down $0.47 during mid-day trading on Friday, hitting $29.08. 7,077,580 shares of the company traded hands, compared to its average volume of 1,432,999. The company has a market capitalization of $4.24 billion, a PE ratio of 10.69 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The business has a 50 day moving average of $33.13 and a 200 day moving average of $34.53. Sealed Air Co. has a 1-year low of $28.67 and a 1-year high of $41.14.

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

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid 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 2.75%. Sealed Air's payout ratio 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.