Jackson Creek Investment Advisors LLC Lowers Position in Sealed Air Co. (NYSE:SEE)

Jackson Creek Investment Advisors LLC decreased its stake in shares of Sealed Air Co. (NYSE:SEE) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,508 shares of the industrial products company’s stock after selling 1,161 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Sealed Air were worth $1,269,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SEE. Pacer Advisors Inc. purchased a new position in shares of Sealed Air in the 3rd quarter worth $139,800,000. Swedbank AB raised its holdings in shares of Sealed Air by 57.3% in the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock worth $78,678,000 after purchasing an additional 846,882 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after purchasing an additional 12,559 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Sealed Air by 84.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company’s stock worth $68,182,000 after purchasing an additional 920,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Sealed Air by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company’s stock worth $55,716,000 after purchasing an additional 32,976 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SEE. Bank of America reduced their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group upped their price target on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Wells Fargo & Company increased their price target on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley lowered their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sealed Air presently has a consensus rating of “Moderate Buy” and an average price target of $40.17.

Sealed Air Stock Up 0.6 %

SEE stock opened at $31.93 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a 50 day simple moving average of $33.94 and a 200-day simple moving average of $34.87. The company has a market capitalization of $4.65 billion, a P/E ratio of 11.74 and a beta of 1.32. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. On average, equities research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s dividend payout ratio is currently 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.