Sealed Air Co. (NYSE:SEE) Holdings Lessened by Atlas FRM LLC

Atlas FRM LLC lowered its stake in shares of Sealed Air Co. (NYSE:SEE) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 760,000 shares of the industrial products company’s stock after selling 140,000 shares during the quarter. Sealed Air makes up about 2.4% of Atlas FRM LLC’s investment portfolio, making the stock its 6th largest holding. Atlas FRM LLC’s holdings in Sealed Air were worth $25,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Northern Trust Corp grew its position in shares of Sealed Air by 21.3% during the fourth quarter. Northern Trust Corp now owns 1,642,371 shares of the industrial products company’s stock worth $55,561,000 after buying an additional 288,528 shares in the last quarter. Two Sigma Securities LLC grew its position in shares of Sealed Air by 57.4% during the fourth quarter. Two Sigma Securities LLC now owns 11,017 shares of the industrial products company’s stock worth $373,000 after buying an additional 4,017 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of Sealed Air by 8.3% during the fourth quarter. Nebula Research & Development LLC now owns 47,980 shares of the industrial products company’s stock worth $1,623,000 after buying an additional 3,667 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Sealed Air during the fourth quarter worth approximately $282,000. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after buying an additional 1,081,848 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Insider Activity at Sealed Air

In related news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired 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 $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 SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $27.74 on Tuesday. The firm’s 50 day moving average is $28.94 and its two-hundred day moving average is $33.01. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $41.14. The firm has a market capitalization of $4.08 billion, a P/E ratio of 10.20 and a beta of 1.35. 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 announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned $0.88 earnings per share. Sealed Air’s revenue was down .4% compared to the same quarter last year. Analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. Sealed Air’s payout ratio is currently 44.20%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Bank of America dropped their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.