Heartland Advisors Inc. Has $12.14 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Heartland Advisors Inc. grew its holdings in shares of Sealed Air Co. (NYSE:SEE) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,872 shares of the industrial products company’s stock after buying an additional 17,650 shares during the quarter. Heartland Advisors Inc. owned 0.25% of Sealed Air worth $12,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Sealed Air by 17.7% during the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after purchasing an additional 2,754,395 shares in the last quarter. Swedbank AB boosted its position in shares of Sealed Air by 57.3% during the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after buying an additional 846,882 shares during the last quarter. Geode Capital Management LLC grew its holdings in Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after buying an additional 12,559 shares in the last quarter. Victory Capital Management Inc. raised its position in Sealed Air by 84.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company’s stock valued at $68,182,000 after buying an additional 920,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Sealed Air by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company’s stock valued at $55,716,000 after acquiring an additional 32,976 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SEE shares. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Citigroup decreased their price objective 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. UBS Group upped their target price on Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company raised their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Sealed Air Trading Up 0.1 %

SEE stock opened at $29.59 on Friday. The company has a market capitalization of $4.31 billion, a PE ratio of 10.88 and a beta of 1.32. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a one year low of $28.67 and a one year high of $41.14. The company’s 50 day moving average price is $32.75 and its two-hundred day moving average price is $34.40.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue was down .4% compared to the same quarter last year. As a group, analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

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

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.