Sealed Air Co. (NYSE:SEE) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd lowered its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 553,073 shares of the industrial products company's stock after selling 36,739 shares during the period. Marathon Asset Management Ltd owned approximately 0.38% of Sealed Air worth $18,711,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its holdings in shares of Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC increased its position in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sealed Air during the fourth quarter valued at $45,000. Smartleaf Asset Management LLC lifted its holdings in shares of Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after purchasing an additional 913 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock worth $53,000 after purchasing an additional 778 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Truist Financial lifted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 6th. UBS Group raised 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. 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 report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.17.

Sealed Air Stock Down 0.4 %

NYSE SEE traded down $0.13 on Thursday, hitting $31.71. The stock had a trading volume of 1,329,924 shares, compared to its average volume of 1,336,977. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The business's fifty day moving average price is $33.99 and its 200 day moving average price is $34.89. 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 market cap of $4.62 billion, a price-to-earnings ratio of 11.66 and a beta of 1.34.

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 for the quarter, topping the consensus estimate of $0.67 by $0.08. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Equities research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, March 14th. Sealed Air's payout ratio is 44.20%.

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.