Sealed Air Co. (NYSE:SEE) Director Henry R. Keizer Buys 1,120 Shares

Sealed Air Co. (NYSE:SEE) Director Henry R. Keizer acquired 1,120 shares of Sealed Air 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 completion of the purchase, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Sealed Air Stock Down 1.6 %

SEE opened at $29.58 on Friday. The firm has a 50-day simple moving average of $33.68 and a two-hundred day simple moving average of $34.78. Sealed Air Co. has a 52 week low of $29.33 and a 52 week high of $41.14. The company has a market capitalization of $4.31 billion, a PE ratio of 10.88 and a beta of 1.32. 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 (NYSE:SEE) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue was down .4% on a year-over-year basis. Analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is presently 44.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. UBS Group upped their price objective on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Mizuho reduced their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Bank of America dropped their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley dropped 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 report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.25.

Institutional Trading of Sealed Air

Several hedge funds have recently made changes to their positions in the business. QSM Asset Management Ltd purchased a new stake in shares of Sealed Air during the 4th quarter valued at about $5,565,000. Mackenzie Financial Corp purchased a new stake in shares of Sealed Air during the 4th quarter valued at about $231,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Sealed Air during the 4th quarter valued at about $372,000. PharVision Advisers LLC purchased a new stake in shares of Sealed Air during the 4th quarter valued at about $301,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sealed Air by 14.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 377,470 shares of the industrial products company’s stock valued at $12,770,000 after buying an additional 48,483 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

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.