Regents Gate Capital LLP Invests $5.19 Million in Sealed Air Corporation (NYSE:SEE)

Regents Gate Capital LLP acquired a new stake in Sealed Air Corporation (NYSE:SEE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 179,704 shares of the industrial products company's stock, valued at approximately $5,193,000. Sealed Air comprises 2.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 21st largest position. Regents Gate Capital LLP owned about 0.12% of Sealed Air as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Sealed Air by 17.7% during the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after acquiring an additional 2,754,395 shares during the period. Invesco Ltd. raised its holdings in Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock valued at $128,176,000 after acquiring an additional 1,549,184 shares during the period. Norges Bank bought a new stake in Sealed Air during the 4th quarter valued at $50,562,000. T. Rowe Price Investment Management Inc. raised its holdings in Sealed Air by 9.6% during the 4th 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 acquiring an additional 1,081,848 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Sealed Air by 90.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock valued at $51,101,000 after acquiring an additional 715,668 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Price Performance

SEE traded down $0.69 during trading on Friday, reaching $32.01. The stock had a trading volume of 639,730 shares, compared to its average volume of 1,543,924. The stock has a market cap of $4.71 billion, a PE ratio of 15.85, a PEG ratio of 2.92 and a beta of 1.35. The company has a debt-to-equity ratio of 5.26, a quick ratio of 0.76 and a current ratio of 1.26. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. The business has a 50-day moving average of $31.66 and a 200-day moving average of $31.34.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The company's revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.50%. Sealed Air's dividend payout ratio is currently 39.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SEE shares. UBS Group boosted their target price on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup boosted their target price on shares of Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday. Mizuho lowered their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Truist Financial upped their price target on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday. Finally, Raymond James Financial decreased their price target on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. Four investment 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 stock. According to MarketBeat, Sealed Air has an average rating of "Moderate Buy" and an average price target of $37.55.

About Sealed Air

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.