Concentric Capital Strategies LP Invests $1.15 Million in 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 bought a new position in Sealed Air Corporation (NYSE:SEE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,779 shares of the industrial products company's stock, valued at approximately $1,150,000.

Several other large investors also recently modified their holdings of SEE. Strategic Investment Solutions Inc. IL bought a new stake in Sealed Air during the first quarter valued at approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sealed Air during the 4th quarter valued at $27,000. North Capital Inc. bought a new stake in Sealed Air during the first quarter valued at about $30,000. CX Institutional bought a new stake in Sealed Air during the first quarter valued at about $52,000. Finally, Whittier Trust Co. grew its holdings 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 valued at $53,000 after purchasing an additional 797 shares during the period. Institutional investors own 94.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SEE shares. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Raymond James Financial reiterated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price target 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. Truist Financial upped their target price on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Mizuho upped their price objective on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Sealed Air Price Performance

Sealed Air stock traded up $0.41 during midday trading on Friday, reaching $32.72. 1,213,442 shares of the stock traded hands, compared to its average volume of 1,473,207. The stock's fifty day moving average is $31.23 and its 200-day moving average is $30.40. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The stock has a market cap of $4.81 billion, a P/E ratio of 16.52, a PEG ratio of 2.55 and a beta of 1.33. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, equities research analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 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.