Dynamic Technology Lab Private Ltd Has $1.41 Million Position in Sealed Air Co. (NYSE:SEE)

Dynamic Technology Lab Private Ltd raised its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 65.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,817 shares of the industrial products company's stock after acquiring an additional 15,426 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Sealed Air were worth $1,409,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new position in Sealed Air in the 1st quarter valued at about $224,000. Price T Rowe Associates Inc. MD increased its stake in shares of Sealed Air by 5.9% during the first 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 Sealed Air in the 1st quarter valued at $420,000. Highlander Capital Management LLC increased its position in Sealed Air by 3.7% during the 1st quarter. Highlander Capital Management LLC now owns 25,681 shares of the industrial products company's stock worth $955,000 after buying an additional 920 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of Sealed Air during the first quarter worth $1,054,000. Institutional investors own 94.40% of the company's stock.

Sealed Air Trading Up 1.5 %

Sealed Air stock traded up $0.53 during trading hours on Wednesday, hitting $36.48. The stock had a trading volume of 287,086 shares, compared to its average volume of 1,510,896. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 5.06 and a beta of 1.34. 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's 50 day simple moving average is $35.77 and its 200-day simple moving average is $35.83. Sealed Air Co. has a one year low of $30.87 and a one year high of $41.14.

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

Sealed Air Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SEE shares. Morgan Stanley began coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $39.00 target price on the stock. Raymond James raised Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price objective for the company in a report on Thursday, October 17th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their price target on shares of Sealed Air from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sealed Air has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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.