Sealed Air Co. (NYSE:SEE) Shares Acquired by Acuitas Investments LLC

Acuitas Investments LLC grew its position in Sealed Air Co. (NYSE:SEE) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,700 shares of the industrial products company’s stock after buying an additional 400 shares during the quarter. Acuitas Investments LLC’s holdings in Sealed Air were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SEE. CVA Family Office LLC acquired a new position in Sealed Air during the 4th quarter worth $27,000. Bruce G. Allen Investments LLC acquired a new position in Sealed Air during the 4th quarter worth $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Sealed Air by 81.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 449 shares in the last quarter. Column Capital Advisors LLC boosted its position in shares of Sealed Air by 57.9% during the 3rd quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Sealed Air by 80.3% during the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 476 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEE. Wolfe Research began coverage on Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and upped their price objective for the stock from $39.00 to $44.00 in a research report on Monday, April 8th. Wells Fargo & Company raised Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Mizuho reduced their target price on Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Sealed Air has an average rating of “Hold” and a consensus target price of $44.18.

Sealed Air Trading Up 1.7 %

Shares of Sealed Air stock traded up $0.53 during trading hours on Friday, reaching $31.89. 242,818 shares of the company’s stock were exchanged, compared to its average volume of 1,556,131. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 8.21. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 3.48 and a beta of 1.28. The company has a fifty day moving average of $34.73 and a 200-day moving average of $34.27. Sealed Air Co. has a 52-week low of $28.50 and a 52-week high of $48.44.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.26. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. Sell-side analysts forecast that Sealed Air Co. will post 2.8 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. Sealed Air’s dividend payout ratio is presently 33.90%.

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.