Sealed Air Co. (NYSE:SEE) Holdings Lowered by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its stake in Sealed Air Co. (NYSE:SEE) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 420,000 shares of the industrial products company’s stock after selling 10,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Sealed Air were worth $14,209,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Manchester Capital Management LLC boosted its stake in Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sealed Air during the fourth quarter valued at about $45,000. GAMMA Investing LLC grew its holdings in Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 907 shares during the period. Brown Brothers Harriman & Co. raised its position in 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 acquiring an additional 712 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 913 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Performance

SEE stock opened at $29.02 on Monday. The firm has a 50 day simple moving average of $32.64 and a 200 day simple moving average of $34.39. Sealed Air Co. has a 52 week low of $28.67 and a 52 week high of $41.14. The stock has a market cap of $4.23 billion, a P/E ratio of 10.67 and a beta of 1.32. 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 posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company posted $0.88 EPS. Sealed Air’s revenue was down .4% on a year-over-year basis. Research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

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

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought 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 approximately $1,050,000. The trade was a 3.31 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SEE shares. UBS Group lifted their price objective on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. 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 lifted 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, Mizuho reduced their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.25.

Sealed Air 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.