Fort L.P. Grows Position in Sealed Air Co. (NYSE:SEE)

Fort L.P. boosted its stake in shares of Sealed Air Co. (NYSE:SEEGet Rating) by 50.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,444 shares of the industrial products company’s stock after purchasing an additional 7,560 shares during the period. Fort L.P.’s holdings in Sealed Air were worth $1,514,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd purchased a new stake in shares of Sealed Air in the 4th quarter valued at $55,000. JPMorgan Chase & Co. boosted its holdings in shares of Sealed Air by 117.6% in the 4th quarter. JPMorgan Chase & Co. now owns 522,209 shares of the industrial products company’s stock valued at $35,233,000 after acquiring an additional 282,187 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of Sealed Air in the 4th quarter valued at $29,000. Citigroup Inc. lifted its stake in shares of Sealed Air by 36.4% in the 4th quarter. Citigroup Inc. now owns 145,076 shares of the industrial products company’s stock valued at $9,788,000 after purchasing an additional 38,697 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of Sealed Air by 82.1% in the 4th quarter. Panagora Asset Management Inc. now owns 91,310 shares of the industrial products company’s stock valued at $6,161,000 after purchasing an additional 41,178 shares during the period. 90.23% of the stock is currently owned by institutional investors.

NYSE:SEE traded up $2.41 during mid-day trading on Tuesday, hitting $64.84. The stock had a trading volume of 10,124 shares, compared to its average volume of 747,360. The stock has a 50-day simple moving average of $66.47 and a two-hundred day simple moving average of $65.79. The company has a market capitalization of $9.47 billion, a PE ratio of 17.25, a PEG ratio of 1.42 and a beta of 1.18. Sealed Air Co. has a twelve month low of $53.87 and a twelve month high of $70.72. The company has a current ratio of 1.31, a quick ratio of 0.74 and a debt-to-equity ratio of 19.38.

Sealed Air (NYSE:SEEGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.20. Sealed Air had a net margin of 9.60% and a return on equity of 355.49%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts predict that Sealed Air Co. will post 4.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Sealed Air’s payout ratio is currently 22.10%.

A number of research firms have weighed in on SEE. Wells Fargo & Company upped their price objective on shares of Sealed Air from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 22nd. Citigroup reduced their price objective on shares of Sealed Air from $81.00 to $80.00 in a research report on Friday, April 8th. Morgan Stanley upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $61.00 to $79.00 in a research report on Thursday, January 20th. StockNews.com initiated coverage on shares of Sealed Air in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Mizuho increased their target price on shares of Sealed Air from $68.00 to $72.00 in a research report on Friday, February 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.92.

Sealed Air Company Profile (Get Rating)

Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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