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

Jackson Creek Investment Advisors LLC lowered its position in shares of Sealed Air Co. (NYSE:SEE) by 3.0% in the fourth quarter, according to the company in its most recent 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 quarter. Jackson Creek Investment Advisors LLC’s holdings in Sealed Air were worth $1,269,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC raised its holdings in Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC raised its stake 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 worth $45,000 after buying an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air in the fourth quarter valued at approximately $45,000. Smartleaf Asset Management LLC grew its holdings in Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 913 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 778 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America lowered 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 note on Monday, January 6th. Mizuho dropped their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Truist Financial raised their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Citigroup decreased their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sealed Air presently has an average rating of “Moderate Buy” and an average target price of $40.17.

Sealed Air Trading Up 0.6 %

Shares of SEE stock opened at $31.93 on Friday. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 11.74 and a beta of 1.32. 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 moving average price of $33.94 and a 200 day moving average price of $34.87. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last posted 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. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The company’s revenue was down .4% on a year-over-year basis. Research analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued 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 (DPR) is 44.20%.

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.