Kiltearn Partners LLP Sells 49,400 Shares of Sealed Air Co. (NYSE:SEE)

Kiltearn Partners LLP lessened its stake in shares of Sealed Air Co. (NYSE:SEE) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,400 shares of the industrial products company’s stock after selling 49,400 shares during the quarter. Sealed Air makes up about 2.6% of Kiltearn Partners LLP’s portfolio, making the stock its 16th biggest position. Kiltearn Partners LLP owned approximately 0.31% of Sealed Air worth $15,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SEE. Manchester Capital Management LLC boosted its holdings in shares of Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sealed Air in the fourth quarter worth $45,000. Smartleaf Asset Management LLC increased its position in shares of Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Sealed Air by 98.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 778 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sealed Air

In related news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred 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 transaction, the director now owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

Sealed Air Stock Performance

SEE opened at $29.59 on Friday. Sealed Air Co. has a 52-week low of $28.67 and a 52-week high of $41.14. 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’s fifty day simple moving average is $32.75 and its two-hundred day simple moving average is $34.40. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 10.88 and a beta of 1.32.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. Equities analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is 44.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group set a $36.00 price target on Sealed Air in a research note on Tuesday, March 4th. Citigroup cut their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Truist Financial lifted their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, UBS Group raised their price objective on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Six equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

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.