Sealed Air Co. (NYSE:SEE) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Sealed Air Co. (NYSE:SEE) by 186.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,857 shares of the industrial products company’s stock after purchasing an additional 288,044 shares during the quarter. Nordea Investment Management AB’s holdings in Sealed Air were worth $15,031,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SEE. Millennium Management LLC lifted its stake in Sealed Air by 38.2% in the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after buying an additional 1,136,985 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Sealed Air in the third quarter valued at $139,800,000. Geode Capital Management LLC boosted its stake in shares of Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after acquiring an additional 12,559 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sealed Air by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after purchasing an additional 479,675 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock valued at $64,571,000 after purchasing an additional 24,940 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Mizuho lowered their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial lifted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America reduced their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company lowered their price objective on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.17.

Sealed Air Trading Down 1.5 %

NYSE SEE opened at $33.71 on Thursday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 4.97 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a one year low of $30.87 and a one year high of $41.14. The company’s 50 day moving average price is $35.40 and its 200 day moving average price is $35.23.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. Sealed Air’s payout ratio is currently 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.