A&I Financial Services LLC Buys Shares of 15,585 Sealed Air Co. (NYSE:SEE)

A&I Financial Services LLC purchased a new position in shares of Sealed Air Co. (NYSE:SEE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,585 shares of the industrial products company’s stock, valued at approximately $527,000.

Other institutional investors have also modified their holdings of the company. Kwmg LLC grew its position in Sealed Air by 5.0% in the fourth quarter. Kwmg LLC now owns 136,537 shares of the industrial products company’s stock worth $4,619,000 after acquiring an additional 6,527 shares during the period. Empowered Funds LLC acquired a new position in shares of Sealed Air in the 3rd quarter valued at $1,497,000. Maple Rock Capital Partners Inc. grew its holdings in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after purchasing an additional 548,493 shares during the period. Sound Income Strategies LLC increased its position in shares of Sealed Air by 13.8% during the 4th quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 9,634 shares during the last quarter. Finally, Commerce Bank raised its holdings in Sealed Air by 67.6% in the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 14,766 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Bank of America cut 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. Wells Fargo & Company raised their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Mizuho lowered their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.17.

Sealed Air Price Performance

Shares of SEE opened at $33.04 on Friday. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.15 and a beta of 1.34. The firm’s fifty day simple moving average is $34.11 and its 200-day simple moving average is $34.88. Sealed Air Co. has a twelve month low of $30.87 and a twelve 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 posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Equities analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is 44.20%.

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.