Sealed Air Co. (NYSE:SEE) Stock Position Raised by Invesco Ltd.

Invesco Ltd. increased its stake in Sealed Air Co. (NYSE:SEE) by 69.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,788,839 shares of the industrial products company’s stock after acquiring an additional 1,549,184 shares during the quarter. Invesco Ltd.’s holdings in Sealed Air were worth $128,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SEE. Arizona State Retirement System increased its stake in Sealed Air by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after purchasing an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Sealed Air by 0.8% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after buying an additional 350 shares during the period. Choreo LLC increased its position in shares of Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 351 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 375 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Sealed Air by 3.3% in the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 377 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Henry R. Keizer purchased 1,120 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Sealed Air Stock Performance

SEE stock opened at $25.96 on Friday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.54 and a beta of 1.35. The firm has a 50 day moving average of $30.54 and a two-hundred day moving average of $33.69. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12 month low of $22.78 and a 12 month high of $41.14.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (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 firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $0.88 earnings per share. Sealed Air’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, March 14th. Sealed Air’s payout ratio is 44.20%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SEE shares. Morgan Stanley cut their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Citigroup dropped 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. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company boosted their price objective 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. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and an average 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.