Sealed Air Co. (NYSE:SEE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Sealed Air Co. (NYSE:SEEFree Report) by 11.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,350,129 shares of the industrial products company’s stock after purchasing an additional 138,197 shares during the period. Dimensional Fund Advisors LP owned 0.93% of Sealed Air worth $49,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new position in shares of Sealed Air during the 4th quarter worth approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in Sealed Air in the 4th quarter valued at $29,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Sealed Air by 81.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 449 shares during the last quarter. Signaturefd LLC boosted its position in shares of Sealed Air by 80.3% during the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 476 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Sealed Air in the third quarter valued at about $42,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Ratings Changes

SEE has been the topic of a number of analyst reports. Truist Financial raised shares of Sealed Air from a “hold” rating to a “buy” rating and lifted their target price for the stock from $39.00 to $44.00 in a research note on Monday, April 8th. Mizuho decreased their price objective on Sealed Air from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Wolfe Research assumed coverage on Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research note on Thursday, May 2nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Check Out Our Latest Stock Analysis on Sealed Air

Sealed Air Price Performance

SEE opened at $37.19 on Wednesday. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 3.34 and a beta of 1.31. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49. The stock’s 50-day moving average price is $35.02 and its 200 day moving average price is $35.19. Sealed Air Co. has a 12-month low of $28.50 and a 12-month high of $47.12.

Sealed Air (NYSE:SEEGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.74 EPS. Sealed Air’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Sealed Air Co. will post 2.89 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, June 14th. Sealed Air’s payout ratio is currently 32.13%.

Sealed Air Profile

(Free Report)

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.

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

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