Henry R. Keizer Buys 1,120 Shares of Sealed Air Co. (NYSE:SEE) Stock

Sealed Air Co. (NYSE:SEE) Director Henry R. Keizer bought 1,120 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sealed Air Stock Performance

NYSE SEE opened at $30.09 on Thursday. The stock has a 50-day simple moving average of $33.68 and a two-hundred day simple moving average of $34.78. The firm has a market capitalization of $4.39 billion, a P/E ratio of 11.06 and a beta of 1.32. Sealed Air Co. has a fifty-two week low of $29.55 and a fifty-two week high of $41.14. 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 (NYSE:SEE) last released its quarterly earnings data 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. Sealed Air’s payout ratio is currently 44.20%.

Hedge Funds Weigh In On Sealed Air

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sealed Air during the 4th quarter valued at about $27,000. Manchester Capital Management LLC grew its position in shares of Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC grew its position in shares of Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sealed Air during the 4th quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 913 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SEE. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Mizuho decreased their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Truist Financial increased their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Bank of America decreased their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 price objective on Sealed Air in a report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sealed Air presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

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.