1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC lifted its holdings in Sealed Air Co. ( NYSE:SEE – Free Report ) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 17,357 shares of the industrial products company’s stock after purchasing an additional 2,822 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sealed Air were worth $587,000 as of its most recent SEC filing. Several other large investors have also added to or reduced their stakes in SEE.
Pictet Asset Management Holding SA boosted its position in Sealed Air by 3.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 30,708 shares of the industrial products company’s stock valued at $1,039,000 after purchasing an additional 933 shares during the last quarter.
New Age Alpha Advisors LLC bought a new stake in shares of Sealed Air during the 4th quarter worth approximately $438,000. Norges Bank acquired a new stake in shares of Sealed Air in the 4th quarter valued at approximately $50,562,000. JPMorgan Chase & Co.
grew its stake in shares of Sealed Air by 90.0% in the fourth quarter. JPMorgan Chase & Co.
now owns 1,510,529 shares of the industrial products company’s stock valued at $51,101,000 after buying an additional 715,668 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Sealed Air by 21.5% during the fourth quarter.
Mitsubishi UFJ Trust & Banking Corp now owns 53,418 shares of the industrial products company’s stock worth $1,807,000 after buying an additional 9,463 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.
Sealed Air Price Performance Shares of Sealed Air stock opened at $24.09 on Tuesday. The company has a 50-day simple moving average of $31.
66 and a two-hundred day simple moving average of $34.08. Sealed Air Co.
has a twelve month low of $22.78 and a twelve month high of $41.14.
The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 8.86 and a beta of 1.
35. The company has a quick ratio of 0.79, a current ratio of 1.
29 and a debt-to-equity ratio of 5.62. Sealed Air Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, March 28th.
Investors of record on Friday, March 14th were paid a $0.20 dividend. This represents a $0.
80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Friday, March 14th.
Sealed Air’s dividend payout ratio (DPR) is presently 44.20%. Insider Buying and Selling In other news, Director Henry R.
Keizer purchased 1,120 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. The trade was a 3.
31 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink . 0.
30% of the stock is currently owned by company insiders. Analysts Set New Price Targets A number of research analysts have recently commented on SEE shares. Jefferies Financial Group set a $36.
00 price objective on shares of Sealed Air in a research report on Tuesday, March 4th. Mizuho lowered their price target on Sealed Air from $45.00 to $42.
00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their price objective on Sealed Air from $44.00 to $42.
00 and set a “buy” rating for the company in a research report on Monday, January 6th. Truist Financial boosted their target price on Sealed Air from $41.00 to $44.
00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, UBS Group upgraded Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday.
Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and an average price target of $40.25.
Read Our Latest Research Report on Sealed Air 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.
See Also Want to see what other hedge funds are holding SEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sealed Air Co. ( NYSE:SEE – Free Report ).
Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter ..
