GAMMA Investing LLC Buys 907 Shares of Sealed Air Co. (NYSE:SEE)

GAMMA Investing LLC lifted its stake in shares of Sealed Air Co. (NYSE:SEE) by 218.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,323 shares of the industrial products company’s stock after acquiring an additional 907 shares during the quarter. GAMMA Investing LLC’s holdings in Sealed Air were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SEE. JPMorgan Chase & Co. increased its holdings in Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after purchasing an additional 662,606 shares in the last quarter. Tidal Investments LLC increased its holdings in Sealed Air by 6.7% in the third quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock worth $1,180,000 after purchasing an additional 2,051 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Sealed Air by 120.5% during the third quarter. Sanctuary Advisors LLC now owns 45,829 shares of the industrial products company’s stock valued at $1,645,000 after acquiring an additional 25,046 shares in the last quarter. Neo Ivy Capital Management increased its holdings in shares of Sealed Air by 187.3% during the third quarter. Neo Ivy Capital Management now owns 66,300 shares of the industrial products company’s stock valued at $2,406,000 after acquiring an additional 43,220 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after acquiring an additional 12,559 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Stock Up 1.7 %

Shares of NYSE SEE opened at $33.62 on Tuesday. Sealed Air Co. has a one year low of $30.87 and a one year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The business’s fifty day moving average price is $35.23 and its 200-day moving average price is $35.18. The stock has a market capitalization of $4.90 billion, a PE ratio of 12.36, a P/E/G ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.38%. Sealed Air’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

SEE has been the subject of several recent research reports. UBS Group decreased their price objective on Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company cut their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Truist Financial lifted their target price on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Morgan Stanley cut their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Mizuho cut their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.