AlphaQuest LLC Lowers Stock Holdings in Sealed Air Co. (NYSE:SEE)

AlphaQuest LLC decreased its position in shares of Sealed Air Co. (NYSE:SEE) by 45.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,670 shares of the industrial products company’s stock after selling 8,968 shares during the period. AlphaQuest LLC’s holdings in Sealed Air were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its position in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 311 shares during the last quarter. Arizona State Retirement System increased its position in shares of Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after purchasing an additional 348 shares in the last quarter. Choreo LLC lifted its holdings in shares of Sealed Air by 3.7% in the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 351 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Sealed Air by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 375 shares during the period. Finally, Truist Financial Corp grew its stake in Sealed Air by 3.3% during the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock worth $399,000 after buying an additional 377 shares during the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Stock Up 1.0 %

SEE opened at $29.85 on Friday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air Co. has a 12 month low of $29.33 and a 12 month high of $41.14. The stock has a market capitalization of $4.35 billion, a P/E ratio of 10.97 and a beta of 1.32. The business has a 50 day simple moving average of $33.53 and a 200-day simple moving average of $34.70.

Sealed Air (NYSE:SEE) last released its 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 company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.88 earnings per share. Sealed Air’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. Sealed Air’s dividend payout ratio (DPR) is presently 44.20%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SEE. Citigroup decreased their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Mizuho dropped their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Truist Financial increased their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, UBS Group boosted their price target on Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Six 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Insider Activity

In other news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now directly 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Sealed Air Company 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.