Sealed Air Co. (NYSE:SEE) Holdings Reduced by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its position in Sealed Air Co. (NYSE:SEE) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 311,712 shares of the industrial products company’s stock after selling 97,500 shares during the period. First Eagle Investment Management LLC owned approximately 0.21% of Sealed Air worth $10,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC grew its position in 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 worth $41,000 after purchasing an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sealed Air in the 4th quarter worth about $45,000. GAMMA Investing LLC grew its position in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Sealed Air by 148.0% in the 4th 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 during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 778 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Up 1.0 %

SEE stock opened at $29.85 on Friday. Sealed Air Co. has a 12 month low of $29.33 and a 12 month high of $41.14. The firm has a market cap of $4.35 billion, a PE ratio of 10.97 and a beta of 1.32. The firm has a 50 day simple moving average of $33.53 and a 200 day simple moving average of $34.70. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

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

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Sealed Air’s dividend payout ratio (DPR) is presently 44.20%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SEE. Morgan Stanley reduced their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Truist Financial upped their price target 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. Bank of America reduced their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Citigroup reduced their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by insiders.

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.