Peak6 LLC Buys Shares of 10,313 Sealed Air Co. (NYSE:SEE)

Peak6 LLC purchased a new position in shares of Sealed Air Co. (NYSE:SEE) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,313 shares of the industrial products company’s stock, valued at approximately $349,000.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC increased its holdings in Sealed Air by 6.7% during the 3rd quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock worth $1,180,000 after purchasing an additional 2,051 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sealed Air by 501.0% during the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after buying an additional 662,606 shares in the last quarter. GAMMA Investing LLC raised 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 valued at $45,000 after buying an additional 907 shares during the last quarter. Nordea Investment Management AB lifted its stake in Sealed Air by 186.1% in the 4th quarter. Nordea Investment Management AB now owns 442,857 shares of the industrial products company’s stock valued at $15,031,000 after acquiring an additional 288,044 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Sealed Air by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

SEE has been the topic of a number of recent research reports. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a report on Tuesday, March 4th. Mizuho reduced their price objective on shares of Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company upped their target price on Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Bank of America decreased their target price 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. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average target price of $39.42.

Sealed Air Stock Performance

SEE opened at $26.07 on Tuesday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company has a market capitalization of $3.80 billion, a PE ratio of 9.58 and a beta of 1.35. The business has a fifty day simple moving average of $29.59 and a 200 day simple moving average of $33.27. Sealed Air Co. has a 1 year low of $22.78 and a 1 year high of $41.14.

Sealed Air (NYSE:SEE) last released its quarterly 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm earned $0.88 earnings per share. Sealed Air’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 3.07%. Sealed Air’s dividend payout ratio is presently 44.20%.

Insider Activity

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

About Sealed Air

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.