Sealed Air Co. (NYSE:SEE) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lowered its position in Sealed Air Co. (NYSE:SEEGet Rating) by 48.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,044 shares of the industrial products company’s stock after selling 14,201 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Sealed Air were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. CX Institutional acquired a new stake in shares of Sealed Air in the second quarter valued at approximately $39,000. Premier Fund Managers Ltd increased its stake in shares of Sealed Air by 6.8% during the second quarter. Premier Fund Managers Ltd now owns 31,300 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 2,000 shares during the period. Ronald Blue Trust Inc. acquired a new position in shares of Sealed Air during the second quarter valued at approximately $42,000. Atticus Wealth Management LLC increased its stake in shares of Sealed Air by 6,200.0% during the second quarter. Atticus Wealth Management LLC now owns 756 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 744 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Sealed Air during the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SEE shares. Truist Financial lowered shares of Sealed Air from a “buy” rating to a “hold” rating and set a $59.00 price objective on the stock. in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of Sealed Air from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Wells Fargo & Company lowered their price objective on shares of Sealed Air from $52.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 2nd. Mizuho decreased their price target on shares of Sealed Air from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 2nd. Finally, Morgan Stanley decreased their price target on shares of Sealed Air from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 18th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.90.

Insider Buying and Selling

In related news, SVP Sergio A. Pupkin bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was bought at an average price of $44.33 per share, with a total value of $44,330.00. Following the purchase, the senior vice president now directly owns 46,748 shares of the company’s stock, valued at approximately $2,072,338.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Sergio A. Pupkin bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was bought at an average price of $44.33 per share, with a total value of $44,330.00. Following the purchase, the senior vice president now directly owns 46,748 shares of the company’s stock, valued at approximately $2,072,338.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Zubaid Ahmad bought 1,200 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were bought at an average cost of $42.12 per share, with a total value of $50,544.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at $50,544. The disclosure for this purchase can be found here. Company insiders own 0.44% of the company’s stock.

Sealed Air Trading Up 4.9 %

Sealed Air stock opened at $52.47 on Monday. The company has a 50 day moving average price of $50.07 and a 200 day moving average price of $52.13. Sealed Air Co. has a 52 week low of $41.24 and a 52 week high of $70.72. The company has a debt-to-equity ratio of 14.83, a quick ratio of 0.57 and a current ratio of 1.08. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 2.41 and a beta of 1.20.

Sealed Air (NYSE:SEEGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Sealed Air had a net margin of 10.02% and a return on equity of 292.98%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.47 billion. Research analysts forecast that Sealed Air Co. will post 4.11 EPS for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, December 1st. Sealed Air’s dividend payout ratio is 20.57%.

Sealed Air Profile

(Get Rating)

Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.

See Also

Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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