Sealed Air Corporation $SEE is Alberta Investment Management Corp’s 5th Largest Position

Alberta Investment Management Corp grew its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,537,300 shares of the industrial products company’s stock after purchasing an additional 250,000 shares during the period. Sealed Air comprises about 0.9% of Alberta Investment Management Corp’s portfolio, making the stock its 5th biggest position. Alberta Investment Management Corp’s holdings in Sealed Air were worth $89,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Sealed Air in the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sealed Air by 383.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 664 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 739 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Sealed Air during the third quarter worth $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sealed Air by 94.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE SEE opened at $41.92 on Thursday. The stock’s 50-day simple moving average is $41.69 and its 200-day simple moving average is $37.61. The firm has a market capitalization of $6.17 billion, a PE ratio of 13.61 and a beta of 1.35. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $44.27. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Sealed Air’s dividend payout ratio is presently 25.97%.

Analyst Ratings Changes

Several research firms recently commented on SEE. Truist Financial boosted their target price on Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada boosted their price objective on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Morgan Stanley upped their target price on shares of Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Robert W. Baird reiterated a “neutral” rating and issued a $42.00 price target (down previously from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Finally, Raymond James Financial cut shares of Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.