Sealed Air Co. (NYSE:SEE) Shares Acquired by Commerce Bank

Commerce Bank increased its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 67.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,601 shares of the industrial products company's stock after purchasing an additional 14,766 shares during the period. Commerce Bank's holdings in Sealed Air were worth $1,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC acquired a new position in Sealed Air during the first quarter worth about $224,000. CANADA LIFE ASSURANCE Co grew its stake in Sealed Air by 10.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 156,578 shares of the industrial products company's stock worth $5,828,000 after buying an additional 15,174 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Sealed Air by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 80,843 shares of the industrial products company's stock worth $3,009,000 after purchasing an additional 4,471 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Sealed Air during the first quarter worth about $420,000. Finally, Invenomic Capital Management LP lifted its position in Sealed Air by 97.7% during the 1st quarter. Invenomic Capital Management LP now owns 370,045 shares of the industrial products company's stock worth $13,766,000 after acquiring an additional 182,903 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Stock Performance

NYSE SEE traded up $0.71 during trading hours on Monday, hitting $36.61. The company had a trading volume of 942,158 shares, compared to its average volume of 1,518,721. 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 firm has a market cap of $5.33 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The business has a fifty day simple moving average of $35.74 and a 200-day simple moving average of $35.85.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. Equities analysts predict that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air's dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SEE shares. Royal Bank of Canada dropped their price objective on shares of Sealed Air from $40.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company increased their price target on Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, August 9th. Morgan Stanley began coverage on Sealed Air in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 target price on the stock. Finally, Jefferies Financial Group lowered shares of Sealed Air from a "buy" rating to a "hold" rating and dropped their price target for the stock from $47.00 to $35.00 in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.00.

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.