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

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Sealed Air by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 2,413 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Sealed Air by 7.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company's stock valued at $1,628,000 after purchasing an additional 3,664 shares in the last quarter. Manning & Napier Advisors LLC grew its stake 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 purchasing an additional 40,000 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Sealed Air by 9.4% in the first quarter. Russell Investments Group Ltd. now owns 105,651 shares of the industrial products company's stock worth $3,053,000 after purchasing an additional 9,052 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Sealed Air by 43.1% during the first quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company's stock valued at $15,009,000 after buying an additional 156,309 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SEE. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a report on Tuesday, July 15th. Mizuho increased their price target on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. 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 research report on Wednesday, July 9th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. upgraded Sealed Air from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $33.00 to $36.00 in a research note on Tuesday. One research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.55.

Sealed Air Stock Up 0.9%

Sealed Air stock opened at $33.34 on Wednesday. The business has a 50 day simple moving average of $31.30 and a 200-day simple moving average of $30.43. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The stock has a market capitalization of $4.90 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. 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 earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.17. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

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

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.

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