Sealed Air Corporation $SEE Stake Increased by Jain Global LLC

Jain Global LLC increased its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 9,266.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 683,930 shares of the industrial products company’s stock after buying an additional 676,628 shares during the quarter. Jain Global LLC owned 0.46% of Sealed Air worth $24,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SEE. Invesco Ltd. boosted its position in Sealed Air by 31.7% during the 3rd quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock worth $168,078,000 after acquiring an additional 1,144,982 shares during the period. Bank of America Corp DE increased its holdings in shares of Sealed Air by 13.7% in the 2nd quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after purchasing an additional 507,067 shares during the period. Ancora Advisors LLC increased its holdings in shares of Sealed Air by 81.1% in the 3rd quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock valued at $121,513,000 after purchasing an additional 1,538,927 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Sealed Air by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,900,066 shares of the industrial products company’s stock worth $102,513,000 after purchasing an additional 137,699 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Sealed Air by 2.1% during the third quarter. Victory Capital Management Inc. now owns 2,798,654 shares of the industrial products company’s stock worth $98,932,000 after purchasing an additional 57,511 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Trading Down 0.4%

NYSE:SEE opened at $41.82 on Monday. The company has a market capitalization of $6.16 billion, a P/E ratio of 12.19 and a beta of 1.35. The stock’s 50 day moving average price is $41.84 and its 200 day moving average price is $39.00. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. Sealed Air Corporation has a 52 week low of $22.78 and a 52 week high of $44.27.

Sealed Air (NYSE:SEE) last posted its earnings results on Monday, March 2nd. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Sealed Air had a net margin of 9.43% and a return on equity of 47.21%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 13th. Sealed Air’s payout ratio is presently 23.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SEE shares. Robert W. Baird reaffirmed a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th. Raymond James Financial downgraded shares of Sealed Air from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Sealed Air in a report on Monday, December 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target (up from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.09.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.