International Assets Investment Management LLC Has $3.90 Million Stock Position in Sealed Air Co. (NYSE:SEE)

International Assets Investment Management LLC raised its position in shares of Sealed Air Co. (NYSE:SEE) by 6,254.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,821 shares of the industrial products company’s stock after purchasing an additional 105,140 shares during the period. International Assets Investment Management LLC’s holdings in Sealed Air were worth $3,901,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new position in Sealed Air during the third quarter valued at approximately $895,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of Sealed Air by 66.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 250,097 shares of the industrial products company’s stock worth $8,218,000 after buying an additional 99,700 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Sealed Air by 45.7% during the third quarter. Envestnet Asset Management Inc. now owns 527,945 shares of the industrial products company’s stock worth $17,348,000 after buying an additional 165,694 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Sealed Air by 0.5% during the third quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock worth $553,809,000 after buying an additional 92,114 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Sealed Air by 23.1% during the third quarter. Deutsche Bank AG now owns 566,020 shares of the industrial products company’s stock worth $18,599,000 after buying an additional 106,144 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Performance

NYSE SEE opened at $31.53 on Wednesday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 2.68 and a beta of 1.28. Sealed Air Co. has a twelve month low of $28.50 and a twelve month high of $48.44. The stock has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $34.30. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 8.21.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts expect that Sealed Air Co. will post 2.85 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.54%. Sealed Air’s dividend payout ratio is currently 33.90%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SEE. Wells Fargo & Company upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $35.00 to $43.00 in a report on Thursday, January 11th. Mizuho lowered their price target on shares of Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and upped their price target for the stock from $39.00 to $44.00 in a report on Monday, April 8th. Finally, Wolfe Research began coverage on shares of Sealed Air in a report on Friday, March 1st. They set a “peer perform” rating for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.18.

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.