Assenagon Asset Management S.A. Acquires Shares of 24,050 Sealed Air Corporation $SEE

Key Points

• Assenagon Asset Management S.A. acquired a new stake of 24,050 shares in Sealed Air Corporation, valued at approximately $746,000.
• Analysts have raised their target prices for Sealed Air, with UBS Group increasing it from $39.00 to $40.00 and JPMorgan Chase moving from $33.00 to $36.00, reflecting positive sentiment toward the stock.
• Sealed Air announced a quarterly dividend of $0.20 per share, representing a 2.3% yield and a dividend payout ratio of 40.40%.

Assenagon Asset Management S.A. acquired a new stake in Sealed Air Corporation (NYSE:SEE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,050 shares of the industrial products company's stock, valued at approximately $746,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SEE. Brighton Jones LLC acquired a new position in shares of Sealed Air in the fourth quarter valued at approximately $737,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sealed Air in the fourth quarter valued at approximately $27,000. Squarepoint Ops LLC acquired a new position in shares of Sealed Air in the fourth quarter valued at approximately $350,000. Mackenzie Financial Corp acquired a new position in shares of Sealed Air in the fourth quarter valued at approximately $231,000. Finally, Wellington Management Group LLP grew its position in shares of Sealed Air by 168.3% in the fourth quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company's stock valued at $15,791,000 after purchasing an additional 292,826 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SEE shares. UBS Group upped their target price on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and upped their target price for the company from $33.00 to $36.00 in a research report on Tuesday, September 9th. Truist Financial increased their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Citigroup increased their price target on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.55.

Sealed Air Trading Up 3.6%

Shares of SEE stock opened at $34.51 on Friday. The stock's fifty day moving average price is $31.76 and its two-hundred day moving average price is $30.58. The company has a market cap of $5.08 billion, a PE ratio of 17.43, a P/E/G ratio of 2.68 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 company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.17. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.83 EPS. 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 analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, September 12th. Sealed Air's dividend payout ratio (DPR) is currently 40.40%.

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.

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