Steward Partners Investment Advisory LLC Buys 444 Shares of Sealed Air Co. (NYSE:SEE)

Steward Partners Investment Advisory LLC raised its holdings in Sealed Air Co. (NYSE:SEE) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,897 shares of the industrial products company’s stock after buying an additional 444 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sealed Air were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SEE. Pacer Advisors Inc. bought a new position in shares of Sealed Air in the third quarter valued at $139,800,000. Swedbank AB bought a new position in shares of Sealed Air in the third quarter valued at $53,681,000. JPMorgan Chase & Co. lifted its stake in shares of Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after buying an additional 662,606 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after buying an additional 548,493 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new position in shares of Sealed Air in the fourth quarter valued at $18,210,000. 94.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Henry R. Keizer bought 1,120 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE opened at $29.83 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a 50 day moving average of $33.37 and a 200 day moving average of $34.64. Sealed Air Co. has a 12 month low of $29.33 and a 12 month high of $41.14. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 10.97 and a beta of 1.32.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts forecast that Sealed Air Co. will post 3.05 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, March 28th. Shareholders of record on Friday, March 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, March 14th. Sealed Air’s dividend payout ratio is currently 44.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SEE shares. Wells Fargo & Company raised their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research report on Tuesday, March 4th. Bank of America reduced their price objective 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. Mizuho reduced their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

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.