Caption Management LLC Invests $507,000 in Sealed Air Co. (NYSE:SEE)

Caption Management LLC bought a new position in shares of Sealed Air Co. (NYSE:SEE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,000 shares of the industrial products company’s stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEE. Vanguard Group Inc. boosted its holdings in Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock valued at $620,117,000 after acquiring an additional 2,754,395 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock valued at $416,657,000 after purchasing an additional 1,081,848 shares during the last quarter. Invesco Ltd. increased its position in shares of Sealed Air by 69.2% during the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock worth $128,176,000 after buying an additional 1,549,184 shares during the period. Swedbank AB raised its stake in Sealed Air by 57.3% during the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock worth $78,678,000 after buying an additional 846,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Sealed Air by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock valued at $74,583,000 after acquiring an additional 178,592 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho dropped their price objective on Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Truist Financial cut their price target on Sealed Air from $44.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, UBS Group upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $28.97 on Wednesday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 10.65 and a beta of 1.35. 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 current ratio of 1.29 and a quick ratio of 0.79. The business’s 50 day simple moving average is $28.32 and its two-hundred day simple moving average is $32.69.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business posted $0.78 earnings per share. Sealed Air’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.76%. Sealed Air’s dividend payout ratio is 44.20%.

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.