Natixis Advisors LLC Has $17.88 Million Holdings in Sealed Air Co. (NYSE:SEE)

Natixis Advisors LLC increased its position in shares of Sealed Air Co. (NYSE:SEE) by 12.4% in the 4th quarter, HoldingsChannel reports. The firm owned 528,368 shares of the industrial products company’s stock after acquiring an additional 58,273 shares during the quarter. Natixis Advisors LLC’s holdings in Sealed Air were worth $17,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SEE. Brandes Investment Partners LP lifted its holdings in shares of Sealed Air by 28.0% in the fourth quarter. Brandes Investment Partners LP now owns 552,706 shares of the industrial products company’s stock worth $18,698,000 after acquiring an additional 120,994 shares during the last quarter. Swiss National Bank increased its position in Sealed Air by 0.8% during the 4th quarter. Swiss National Bank now owns 286,500 shares of the industrial products company’s stock valued at $9,692,000 after purchasing an additional 2,300 shares during the period. Avantax Advisory Services Inc. increased its position in Sealed Air by 3.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,775 shares of the industrial products company’s stock valued at $635,000 after purchasing an additional 690 shares during the period. HighTower Advisors LLC grew its position in shares of Sealed Air by 189.4% during the 4th quarter. HighTower Advisors LLC now owns 12,825 shares of the industrial products company’s stock worth $434,000 after buying an additional 8,393 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Sealed Air by 10.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,294 shares of the industrial products company’s stock worth $1,194,000 after buying an additional 3,205 shares during the period. Institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group lifted their target price on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Mizuho decreased their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air Stock Down 1.2 %

Shares of NYSE SEE opened at $29.83 on Wednesday. The business has a 50-day moving average of $33.37 and a 200-day moving average of $34.64. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 10.97 and a beta of 1.32. Sealed Air Co. has a 12 month low of $29.33 and a 12 month high of $41.14. 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) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping 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 company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.88 EPS. Sealed Air’s quarterly revenue 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 fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.68%. Sealed Air’s payout ratio is 44.20%.

Insider Transactions at Sealed Air

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost 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 in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.