Pictet Asset Management Holding SA Buys 933 Shares of Sealed Air Co. (NYSE:SEE)

Pictet Asset Management Holding SA boosted its position in Sealed Air Co. (NYSE:SEE – Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

The institutional investor owned 30,708 shares of the industrial products company’s stock after buying an additional 933 shares during the period. Pictet Asset Management Holding SA’s holdings in Sealed Air were worth $1,039,000 at the end of the most recent quarter. A number of other institutional investors have also added to or reduced their stakes in the company.



Vanguard Group Inc. raised its position in shares of Sealed Air by 17.7% during the fourth quarter.

Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after purchasing an additional 2,754,395 shares during the period. Swedbank AB lifted its stake in shares of Sealed Air by 57.

3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after buying an additional 846,882 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sealed Air by 0.

5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after buying an additional 12,559 shares during the last quarter. Victory Capital Management Inc.

increased its position in shares of Sealed Air by 84.0% during the fourth quarter. Victory Capital Management Inc.

now owns 2,015,442 shares of the industrial products company’s stock worth $68,182,000 after acquiring an additional 920,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sealed Air by 2.

0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company’s stock worth $55,716,000 after acquiring an additional 32,976 shares during the last quarter.

94.40% of the stock is owned by institutional investors and hedge funds. Insider ActivityIn other Sealed Air news, Director Henry R.

Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $33,600.

00. Following the purchase, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents a 3.

31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.

30% of the company’s stock. Sealed Air Trading Down 10.0 %NYSE:SEE opened at $24.

39 on Monday. The firm’s 50 day moving average is $31.89 and its 200 day moving average is $34.

16. Sealed Air Co. has a 12 month low of $24.

35 and a 12 month high of $41.14. The stock has a market capitalization of $3.

55 billion, a PE ratio of 8.97 and a beta of 1.35.

The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.

62. Sealed Air (NYSE:SEE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.

75 EPS for the quarter, beating 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 firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion.

During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was down .

4% compared to the same quarter last year. Sell-side analysts expect that Sealed Air Co. will post 3.

05 earnings per share for the current year. Sealed Air Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.

20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.

80 annualized dividend and a dividend yield of 3.28%. Sealed Air’s payout ratio is 44.

20%. Wall Street Analyst Weigh InA number of brokerages have commented on SEE. Bank of America decreased their price objective on Sealed Air from $42.

00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Jefferies Financial Group set a $36.

00 price target on Sealed Air in a research report on Tuesday, March 4th. Citigroup cut their price objective on shares of Sealed Air from $44.00 to $42.

00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley reduced their target price 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. Finally, StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.

25.View Our Latest Stock Analysis on SEESealed Air Company 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.Featured StoriesFive stocks we like better than Sealed AirWhat is the Hang Seng index? Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?What is a penny stock? A comprehensive guideDisney 2025 Shareholders: Major Updates for InvestorsHow to Invest in Small Cap Stocks Advance Auto Parts Stock: A Classic Rebound Play in the MakingWant 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)..