Natixis Advisors L.P. Acquires 104,598 Shares of Sealed Air Co. (NYSE:SEE)

Natixis Advisors L.P. boosted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,486 shares of the industrial products company’s stock after purchasing an additional 104,598 shares during the period. Natixis Advisors L.P.’s holdings in Sealed Air were worth $15,575,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Sealed Air in the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Sealed Air in the 4th quarter valued at $29,000. Column Capital Advisors LLC grew its holdings in shares of Sealed Air by 57.9% in the 3rd quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 385 shares during the last quarter. Signaturefd LLC increased its position in shares of Sealed Air by 80.3% during the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 476 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Sealed Air by 81.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 449 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Up 1.8 %

Shares of NYSE:SEE opened at $35.79 on Tuesday. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 3.86 and a beta of 1.31. The company has a 50 day moving average of $34.33 and a 200-day moving average of $34.49. Sealed Air Co. has a one year low of $28.50 and a one year high of $47.12.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. On average, sell-side analysts forecast that Sealed Air Co. will post 2.8 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, March 7th. Sealed Air’s payout ratio is 32.13%.

Analyst Ratings Changes

Several brokerages have weighed in on SEE. Wells Fargo & Company raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $43.00 in a research note on Thursday, January 11th. Wolfe Research started coverage on Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and raised their price target for the company from $39.00 to $44.00 in a report on Monday, April 8th. Mizuho reduced their price objective on Sealed Air from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, William Blair restated a “market perform” rating on shares of Sealed Air in a report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Sealed Air presently has a consensus rating of “Hold” and an average target price of $43.91.

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.