Regents Gate Capital LLP Buys Shares of 179,704 Sealed Air Corporation (NYSE:SEE)

Regents Gate Capital LLP bought a new position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 179,704 shares of the industrial products company's stock, valued at approximately $5,193,000. Sealed Air makes up approximately 2.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 21st largest holding. Regents Gate Capital LLP owned about 0.12% of Sealed Air as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after buying an additional 2,754,395 shares during the last quarter. Invesco Ltd. increased its stake in shares of Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after buying an additional 1,549,184 shares during the last quarter. Norges Bank bought a new stake in shares of Sealed Air in the fourth quarter worth $50,562,000. T. Rowe Price Investment Management Inc. increased its stake in Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock valued at $416,657,000 after purchasing an additional 1,081,848 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Sealed Air by 90.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock valued at $51,101,000 after purchasing an additional 715,668 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Down 2.1%

NYSE SEE traded down $0.69 during trading on Friday, reaching $32.01. The company's stock had a trading volume of 639,730 shares, compared to its average volume of 1,544,597. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26. The stock has a market capitalization of $4.71 billion, a PE ratio of 15.85, a PEG ratio of 2.96 and a beta of 1.35. The business has a 50-day moving average price of $31.58 and a 200-day moving average price of $31.37. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Sealed Air's revenue was down 4.4% compared to the same quarter last year. On average, research analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, June 13th. Sealed Air's dividend payout ratio (DPR) is presently 39.60%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SEE. Citigroup upped their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday. UBS Group upped their price target on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James Financial lowered their price target on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Truist Financial increased their target price on shares of Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.55.

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.