Concentric Capital Strategies LP Purchases Shares of 39,779 Sealed Air Corporation $SEE

Key Points

• Concentric Capital Strategies LP has acquired a new position in Sealed Air Corporation, purchasing 39,779 shares valued at approximately $1.15 million.
• Sealed Air recently reported earnings of $0.89 per share, exceeding analysts' expectations and setting its FY 2025 guidance at 2.900-3.300 EPS.
• The firm declared a quarterly dividend of $0.20 per share, representing an annualized dividend of $0.80 and a yield of 2.5%.

Concentric Capital Strategies LP purchased a new position in Sealed Air Corporation (NYSE:SEE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,779 shares of the industrial products company's stock, valued at approximately $1,150,000.

Other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sealed Air in the fourth quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the first quarter worth $26,000. North Capital Inc. purchased a new stake in shares of Sealed Air in the first quarter worth $30,000. CX Institutional purchased a new stake in shares of Sealed Air in the first quarter worth $52,000. Finally, Whittier Trust Co. grew its stake in shares of Sealed Air by 77.7% in the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock worth $53,000 after acquiring an additional 797 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Truist Financial upped their price target on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group increased their target price on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and increased their target price for the company from $33.00 to $36.00 in a report on Tuesday. Citigroup increased their target price on Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.55.

Sealed Air Price Performance

Shares of NYSE:SEE traded down $0.39 during trading on Wednesday, hitting $32.97. 272,624 shares of the company's stock were exchanged, compared to its average volume of 1,565,729. 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 Corporation has a 52-week low of $22.78 and a 52-week high of $38.85. The business's 50-day simple moving average is $31.30 and its 200 day simple moving average is $30.43. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.58 and a beta of 1.33.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, equities analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.4%. The ex-dividend date is 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.