First Eagle Investment Management LLC Sells 97,500 Shares of Sealed Air Co. (NYSE:SEE)

First Eagle Investment Management LLC lowered its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,712 shares of the industrial products company's stock after selling 97,500 shares during the quarter. First Eagle Investment Management LLC owned 0.21% of Sealed Air worth $10,545,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Swiss National Bank lifted its position in shares of Sealed Air by 0.8% during the 4th quarter. Swiss National Bank now owns 286,500 shares of the industrial products company's stock valued at $9,692,000 after buying an additional 2,300 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Sealed Air by 3.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,775 shares of the industrial products company's stock worth $635,000 after purchasing an additional 690 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Sealed Air by 189.4% during the 4th quarter. HighTower Advisors LLC now owns 12,825 shares of the industrial products company's stock worth $434,000 after purchasing an additional 8,393 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sealed Air by 10.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,294 shares of the industrial products company's stock valued at $1,194,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Amundi increased its position in shares of Sealed Air by 131.6% during the 4th quarter. Amundi now owns 76,479 shares of the industrial products company's stock valued at $2,576,000 after purchasing an additional 43,458 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on SEE. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Citigroup reduced their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Bank of America reduced their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company raised their price target on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.25.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the director now owns 35,000 shares of the company's stock, valued at $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Sealed Air Trading Up 1.0 %

Shares of SEE stock traded up $0.29 during trading hours on Friday, reaching $29.85. The company's stock had a trading volume of 1,252,096 shares, compared to its average volume of 1,401,093. The stock has a market capitalization of $4.35 billion, a P/E ratio of 10.97 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. The firm's fifty day simple moving average is $33.53 and its 200 day simple moving average is $34.71. Sealed Air Co. has a one year low of $29.33 and a one year high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results 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%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air's payout ratio is 44.20%.

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.