FCG Investment Co Invests $551,000 in Sealed Air Corporation $SEE

Key Points

• FCG Investment Co purchased 19,060 shares in Sealed Air Corporation during the 1st quarter, valuing the investment at approximately $551,000.
• Analysts have recently raised their price targets for Sealed Air, with Citigroup increasing its target from $33.00 to $37.00 and Wells Fargo raising theirs from $39.00 to $43.00, indicating strong buy ratings from multiple firms.
• Sealed Air announced a quarterly dividend of $0.20 per share, leading to an annualized dividend yield of 2.5%, with a payout ratio currently at 40.40%.

FCG Investment Co acquired a new position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,060 shares of the industrial products company's stock, valued at approximately $551,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Sealed Air by 182.4% during the first quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company's stock worth $108,000 after acquiring an additional 2,413 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Sealed Air by 7.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company's stock worth $1,628,000 after purchasing an additional 3,664 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Sealed Air during the 4th quarter worth approximately $16,841,000. Manning & Napier Advisors LLC raised its holdings in Sealed Air by 200.0% in the first quarter. Manning & Napier Advisors LLC now owns 60,000 shares of the industrial products company's stock valued at $1,734,000 after buying an additional 40,000 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Sealed Air during the fourth quarter valued at approximately $350,000. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Stock Up 1.3%

Shares of Sealed Air stock traded up $0.41 during trading hours on Thursday, hitting $31.68. 1,564,035 shares of the company's stock traded hands, compared to its average volume of 1,600,979. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The company has a market cap of $4.66 billion, a PE ratio of 16.00, a PEG ratio of 2.45 and a beta of 1.33. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The stock has a 50 day simple moving average of $30.92 and a 200-day simple moving average of $30.59.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.72 by $0.17. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company's revenue was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Equities research analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, September 12th. Sealed Air's payout ratio is 40.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SEE shares. UBS Group increased their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Raymond James Financial reiterated a "strong-buy" rating on shares of Sealed Air in a report on Tuesday, July 15th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Citigroup increased their target price on Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.80.

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.