Bayforest Capital Ltd Purchases 12,650 Shares of Sealed Air Corporation $SEE

Key Points

• Bayforest Capital Ltd increased its stake in Sealed Air Corporation by 559.2% in the first quarter, owning 14,912 shares worth approximately $431,000.
• Various institutions also boosted their holdings in Sealed Air, with GAMMA Investing increasing its stake by 182.4% and Public Sector Pension Investment Board lifting its position by 43.1%.
• Sealed Air reported a Q2 EPS of $0.89, surpassing analysts' expectations, and has set a fiscal year 2025 guidance for EPS between 2.900-3.300.

Bayforest Capital Ltd grew its holdings in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 559.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,912 shares of the industrial products company's stock after purchasing an additional 12,650 shares during the quarter. Bayforest Capital Ltd's holdings in Sealed Air were worth $431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP acquired a new position in shares of Sealed Air during the 1st quarter valued at about $17,711,000. Empowered Funds LLC increased its stake in shares of Sealed Air by 4.1% during the first quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company's stock worth $363,000 after buying an additional 500 shares during the period. United Services Automobile Association purchased a new stake in shares of Sealed Air during the first quarter worth approximately $272,000. Aristeia Capital L.L.C. purchased a new position in Sealed Air in the first quarter valued at approximately $205,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Sealed Air in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Stock Down 0.3%

Shares of Sealed Air stock traded down $0.11 during trading on Monday, reaching $33.79. The stock had a trading volume of 455,206 shares, compared to its average volume of 1,567,275. 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 stock has a fifty day moving average price of $31.35 and a two-hundred day moving average price of $30.42. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.64 and a beta of 1.33. Sealed Air Corporation has a 52 week low of $22.78 and a 52 week high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last released its 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 return on equity of 60.61% and a net margin of 5.46%.Sealed Air's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Sell-side analysts predict that Sealed Air Corporation will post 3.05 EPS 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air's payout ratio is 40.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEE. Mizuho increased their price objective on Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a report on Tuesday, July 15th. UBS Group increased their price objective on Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Truist Financial raised their price target on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Citigroup raised their price target on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company lifted their price objective on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.