Brandywine Global Investment Management LLC Has $14.14 Million Stake in Sealed Air Co. (NYSE:SEE)

Brandywine Global Investment Management LLC decreased its position in Sealed Air Co. (NYSE:SEE - Free Report) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 418,081 shares of the industrial products company's stock after selling 190,936 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.29% of Sealed Air worth $14,144,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Quarry LP grew its holdings in Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after buying an additional 311 shares in the last quarter. Arizona State Retirement System increased its position in Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock worth $1,430,000 after acquiring an additional 348 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock worth $1,470,000 after purchasing an additional 350 shares in the last quarter. Choreo LLC boosted its holdings in Sealed Air by 3.7% in the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 351 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in Sealed Air by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 375 shares during the period. Institutional investors own 94.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SEE shares. Wells Fargo & Company lifted their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Mizuho cut their target price on Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their price target 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. Truist Financial upped their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, UBS Group raised their target price on shares of Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.25.

Sealed Air Price Performance

Sealed Air stock traded down $2.70 during mid-day trading on Friday, reaching $24.39. The company had a trading volume of 3,464,529 shares, compared to its average volume of 1,494,893. The business has a fifty day simple moving average of $31.89 and a 200 day simple moving average of $34.17. The company has a market cap of $3.55 billion, a P/E ratio of 8.97 and a beta of 1.32. Sealed Air Co. has a fifty-two week low of $24.35 and a fifty-two week high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly 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. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $0.88 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. On average, equities research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is currently 44.20%.

Insider Activity

In related news, Director Henry R. Keizer acquired 1,120 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company's stock.

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.