New Age Alpha Advisors LLC Buys Shares of 12,944 Sealed Air Co. (NYSE:SEE)

New Age Alpha Advisors LLC purchased a new position in shares of Sealed Air Co. (NYSE:SEE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,944 shares of the industrial products company’s stock, valued at approximately $438,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC lifted its holdings in shares of Sealed Air by 139.4% in the fourth 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. GAMMA Investing LLC lifted its stake in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sealed Air during the 4th quarter valued at $45,000. Smartleaf Asset Management LLC increased its position in Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after buying an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 778 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Citigroup cut their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. UBS Group raised their target price on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Mizuho cut their price target 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, Bank of America decreased their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Six investment 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. Based on data from MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Sealed Air Stock Up 0.4 %

Shares of NYSE:SEE opened at $29.02 on Wednesday. The stock has a market capitalization 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 Co. has a 1 year low of $28.37 and a 1 year high of $41.14. The stock has a 50-day simple moving average of $32.40 and a 200-day simple moving average of $34.33.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Sealed Air’s dividend payout ratio (DPR) is currently 44.20%.

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.