AQR Capital Management LLC Decreases Stake in Sealed Air Corporation $SEE

Key Points

• AQR Capital Management LLC has reduced its stake in Sealed Air Corporation by 31.9%, selling 106,306 shares and now holding a total of 227,066 shares valued at approximately $6.5 million.
• Sealed Air Corporation reported a quarterly earnings per share (EPS) of $0.89, exceeding analysts' expectations of $0.72, alongside a revenue of $1.34 billion.
• The company declared a quarterly dividend of $0.20 per share, which will be paid to stockholders on September 26th, indicating a dividend yield of 2.4%.

AQR Capital Management LLC decreased its holdings in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 31.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,066 shares of the industrial products company's stock after selling 106,306 shares during the quarter. AQR Capital Management LLC owned about 0.15% of Sealed Air worth $6,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position in Sealed Air by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company's stock worth $362,555,000 after acquiring an additional 228,937 shares during the last quarter. Invesco Ltd. lifted its stake in Sealed Air by 2.5% in the 1st quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company's stock worth $112,253,000 after purchasing an additional 95,361 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Sealed Air by 42.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company's stock worth $82,796,000 after purchasing an additional 849,485 shares during the last quarter. Northern Trust Corp grew its position in shares of Sealed Air by 9.8% in the first quarter. Northern Trust Corp now owns 1,803,421 shares of the industrial products company's stock valued at $52,119,000 after purchasing an additional 161,050 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Sealed Air in the first quarter valued at approximately $46,127,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Trading Up 3.4%

Shares of SEE stock opened at $33.94 on Friday. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $38.85. The firm has a market cap of $4.99 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.56 and a beta of 1.33. The company has a 50-day moving average of $31.33 and a two-hundred day moving average of $30.46. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

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

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio (DPR) is currently 40.40%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SEE. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Citigroup boosted their price target on shares of Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Truist Financial raised their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. 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, July 9th. Finally, Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Sealed Air presently has an average rating of "Moderate Buy" and a consensus price target of $38.55.

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.

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