Teacher Retirement System of Texas Has $1.93 Million Stock Position in Sealed Air Co. (NYSE:SEE)

Teacher Retirement System of Texas lifted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 49.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,057 shares of the industrial products company’s stock after acquiring an additional 18,973 shares during the period. Teacher Retirement System of Texas’ holdings in Sealed Air were worth $1,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sealed Air by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock valued at $58,587,000 after purchasing an additional 502,999 shares in the last quarter. Cerity Partners LLC raised its position in Sealed Air by 49.2% in the 3rd quarter. Cerity Partners LLC now owns 21,250 shares of the industrial products company’s stock valued at $771,000 after buying an additional 7,003 shares during the last quarter. Bank of Montreal Can lifted its stake in Sealed Air by 175.5% during the 3rd quarter. Bank of Montreal Can now owns 256,641 shares of the industrial products company’s stock valued at $9,411,000 after acquiring an additional 163,493 shares in the last quarter. FMR LLC boosted its holdings in Sealed Air by 28.0% during the 3rd quarter. FMR LLC now owns 626,348 shares of the industrial products company’s stock worth $22,736,000 after acquiring an additional 137,073 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Sealed Air by 24.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 561,577 shares of the industrial products company’s stock worth $20,385,000 after acquiring an additional 110,806 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Insider Transactions at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Sealed Air Trading Up 0.1 %

Shares of SEE opened at $29.59 on Friday. Sealed Air Co. has a fifty-two week low of $28.67 and a fifty-two week high of $41.14. The business has a 50-day moving average of $32.75 and a 200 day moving average of $34.40. The firm has a market cap of $4.31 billion, a P/E ratio of 10.88 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 earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. As a group, research analysts forecast that Sealed Air Co. will post 3.05 EPS for the current 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 given a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. Sealed Air’s dividend payout ratio is currently 44.20%.

Analysts Set New Price Targets

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