Sealed Air Co. (NYSE:SEE) Short Interest Update

Sealed Air Co. (NYSE:SEE - Get Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 7,980,000 shares, a growth of 31.0% from the February 28th total of 6,090,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 5.6% of the company's shares are short sold.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. This represents a 3.31 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sealed Air

A number of large investors have recently made changes to their positions in SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air in the 4th quarter worth about $27,000. Manchester Capital Management LLC grew its stake in Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after acquiring an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sealed Air in the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 913 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, January 6th. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their target price 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. Bank of America dropped their price target on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research report on Tuesday, March 4th. Six investment 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.25.

Sealed Air Stock Performance

Shares of SEE traded down $2.21 during mid-day trading on Friday, hitting $24.87. The stock had a trading volume of 1,565,324 shares, compared to its average volume of 1,492,998. Sealed Air has a 52 week low of $24.70 and a 52 week high of $41.14. 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 business has a fifty day moving average price of $32.11 and a 200-day moving average price of $34.24. The firm has a market cap of $3.62 billion, a P/E ratio of 9.15 and a beta of 1.32.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data 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 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 quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. On average, equities research analysts expect that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.22%. 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.