Kiltearn Partners LLP Lowers Holdings in Sealed Air Co. (NYSE:SEE)

Kiltearn Partners LLP lowered its holdings in Sealed Air Co. (NYSE:SEE) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,400 shares of the industrial products company’s stock after selling 49,400 shares during the quarter. Sealed Air accounts for 2.6% of Kiltearn Partners LLP’s holdings, making the stock its 16th largest holding. Kiltearn Partners LLP’s holdings in Sealed Air were worth $15,508,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SEE. Smartleaf Asset Management LLC lifted its stake in Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 913 shares in the last quarter. A&I Financial Services LLC purchased a new position in shares of Sealed Air in the 4th quarter valued at about $527,000. Kwmg LLC raised its position in shares of Sealed Air by 5.0% during the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company’s stock worth $4,619,000 after acquiring an additional 6,527 shares in the last quarter. Amundi grew its position in shares of Sealed Air by 131.6% in the 4th quarter. Amundi now owns 76,479 shares of the industrial products company’s stock valued at $2,576,000 after buying an additional 43,458 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. grew its holdings in shares of Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after purchasing an additional 548,493 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SEE. 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 report on Monday, January 6th. Citigroup decreased their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Mizuho decreased their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Truist Financial raised their target price on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, UBS Group lifted their price objective on shares of Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer bought 1,120 shares of the business’s stock in a transaction 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 purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $29.59 on Friday. The stock’s 50 day moving average price is $32.75 and its 200 day moving average price is $34.40. 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 stock has a market cap of $4.31 billion, a price-to-earnings ratio of 10.88 and a beta of 1.32. Sealed Air Co. has a 12 month low of $28.67 and a 12 month high of $41.14.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company 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%. Sealed Air’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. Equities research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.70%. Sealed Air’s payout ratio is presently 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.