797 Shares in Sealed Air Co. (NYSE:SEE) Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air Co. (NYSE:SEE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 797 shares of the industrial products company’s stock, valued at approximately $27,000.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC lifted its position in shares of Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after buying an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air in the fourth quarter worth about $45,000. Brown Brothers Harriman & Co. lifted its position in shares of Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock worth $51,000 after buying an additional 712 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after buying an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock worth $53,000 after buying an additional 778 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Henry R. Keizer acquired 1,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Mizuho decreased their target price on Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Raymond James decreased their price objective on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 22nd. UBS Group upgraded Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, April 7th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company upped their price objective on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Sealed Air Trading Down 1.4%

SEE opened at $31.74 on Tuesday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 11.67 and a beta of 1.35. The stock’s 50 day moving average price is $28.83 and its 200-day moving average price is $32.11. Sealed Air Co. has a one year low of $22.78 and a one year high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.52%. Sealed Air’s dividend payout ratio (DPR) is currently 39.60%.

About Sealed Air

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.