Acuitas Investments LLC Boosts Holdings in Sealed Air Co. (NYSE:SEE)

Acuitas Investments LLC increased its stake in shares of Sealed Air Co. (NYSE:SEE) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Acuitas Investments LLC’s holdings in Sealed Air were worth $62,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Sealed Air during the fourth quarter worth about $27,000. Bruce G. Allen Investments LLC bought a new position in shares of Sealed Air in the fourth quarter valued at approximately $29,000. Column Capital Advisors LLC boosted its position in shares of Sealed Air by 57.9% in the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 385 shares during the period. Signaturefd LLC boosted its position in shares of Sealed Air by 80.3% in the third quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 476 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $43.00 in a research report on Thursday, January 11th. Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and lifted their target price for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Mizuho decreased their price target on shares of Sealed Air from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, Wolfe Research started coverage on shares of Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.18.

Sealed Air Trading Up 1.7 %

Sealed Air stock traded up $0.53 during mid-day trading on Friday, reaching $31.89. 242,818 shares of the company traded hands, compared to its average volume of 1,556,131. The company has a debt-to-equity ratio of 8.21, a current ratio of 1.30 and a quick ratio of 0.79. The firm’s 50 day moving average price is $34.73 and its 200 day moving average price is $34.27. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 3.48 and a beta of 1.28. Sealed Air Co. has a 52-week low of $28.50 and a 52-week high of $48.44.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. On average, analysts anticipate that Sealed Air Co. will post 2.8 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is presently 33.90%.

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.