Sealed Air Co. (NYSE:SEE) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 65.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,817 shares of the industrial products company’s stock after buying an additional 15,426 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sealed Air were worth $1,409,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in Sealed Air in the third quarter valued at approximately $139,800,000. Swedbank AB acquired a new stake in shares of Sealed Air in the 3rd quarter valued at $53,681,000. Millennium Management LLC lifted its position in shares of Sealed Air by 38.2% during the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock worth $143,136,000 after purchasing an additional 1,136,985 shares during the last quarter. Appian Way Asset Management LP grew its stake in shares of Sealed Air by 68.1% during the second quarter. Appian Way Asset Management LP now owns 1,349,857 shares of the industrial products company’s stock worth $46,962,000 after purchasing an additional 546,701 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Sealed Air by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock valued at $58,587,000 after buying an additional 502,999 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEE. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group downgraded shares of Sealed Air from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $47.00 to $35.00 in a research report on Friday, August 9th. Wells Fargo & Company lifted their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Sealed Air Stock Performance

Shares of SEE stock opened at $35.95 on Wednesday. The stock’s 50-day moving average price is $35.74 and its 200 day moving average price is $35.85. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock has a market capitalization of $5.24 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s payout ratio is 29.41%.

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.