Robeco Institutional Asset Management B.V. Purchases 41,721 Shares of Sealed Air Co. (NYSE:SEE)

Robeco Institutional Asset Management B.V. lifted its position in Sealed Air Co. (NYSE:SEE – Get Rating) by 24.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 214,595 shares of the industrial products company’s stock after acquiring an additional 41,721 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sealed Air were worth $9,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ronald Blue Trust Inc. bought a new position in shares of Sealed Air in the second quarter worth approximately $42,000. Zions Bancorporation N.A. lifted its position in Sealed Air by 334.1% during the first quarter. Zions Bancorporation N.A. now owns 981 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 755 shares during the period. Wipfli Financial Advisors LLC bought a new position in Sealed Air during the third quarter valued at approximately $45,000. CWM LLC lifted its position in Sealed Air by 17.5% during the third quarter. CWM LLC now owns 1,464 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 218 shares during the period. Finally, Baader Bank INC bought a new position in Sealed Air during the first quarter valued at approximately $100,000. Institutional investors own 89.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SEE shares. Citigroup increased their price objective on shares of Sealed Air from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. Wells Fargo & Company increased their price objective on shares of Sealed Air from $43.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, January 9th. UBS Group downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $65.00 to $59.00 in a research report on Tuesday, January 24th. Mizuho decreased their price target on shares of Sealed Air from $61.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, February 10th. Finally, Morgan Stanley decreased their price target on shares of Sealed Air from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 15th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.82.

Sealed Air Stock Performance

Shares of NYSE SEE opened at $44.10 on Friday. The firm has a fifty day moving average price of $50.82 and a 200-day moving average price of $49.79. The company has a debt-to-equity ratio of 9.41, a current ratio of 1.02 and a quick ratio of 0.60. The stock has a market cap of $6.35 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 3.90 and a beta of 1.24. Sealed Air Co. has a 1 year low of $41.24 and a 1 year high of $70.72.

Sealed Air (NYSE:SEE – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Sealed Air had a net margin of 8.71% and a return on equity of 254.05%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. Equities analysts anticipate that Sealed Air Co. will post 3.65 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, March 9th. This represents a $0.80 annualized dividend and a yield of 1.81%. Sealed Air’s payout ratio is 23.95%.

Sealed Air Profile

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.