AQR Capital Management LLC Has $6.50 Million Position 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 lessened its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 31.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,066 shares of the industrial products company's stock after selling 106,306 shares during the quarter. AQR Capital Management LLC owned approximately 0.15% of Sealed Air worth $6,496,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SEE. Burney Co. increased its holdings in Sealed Air by 4.1% during the first quarter. Burney Co. now owns 12,316 shares of the industrial products company's stock worth $356,000 after buying an additional 481 shares during the last quarter. Xponance Inc. boosted its position in Sealed Air by 7.2% during the first quarter. Xponance Inc. now owns 8,549 shares of the industrial products company's stock worth $247,000 after purchasing an additional 577 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air during the fourth quarter worth $27,000. Whittier Trust Co. boosted its position in Sealed Air by 77.7% during the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock worth $53,000 after purchasing an additional 797 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Sealed Air during the first quarter worth $26,000. Institutional investors own 94.40% of the company's stock.

Sealed Air Price Performance

NYSE SEE traded down $0.04 during trading on Wednesday, hitting $33.83. 2,083,400 shares of the company's stock were exchanged, compared to its average volume of 1,249,762. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The company has a market cap of $4.98 billion, a PE ratio of 17.08, a P/E/G ratio of 2.64 and a beta of 1.33. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. The stock's 50 day moving average price is $31.46 and its two-hundred day moving average price is $30.46.

Sealed Air (NYSE:SEE - Get Free Report) last issued its 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. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Research analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.4%. Sealed Air's payout ratio is presently 40.40%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Truist Financial lifted 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. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Mizuho boosted their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research report on Tuesday, July 15th. Finally, 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 research report on Friday, July 11th. 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.55.

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.