EdgePoint Investment Group Inc. Acquires New Stake in Sealed Air Corporation $SEE

Key Points

• EdgePoint Investment Group Inc. purchased 19,654 shares of Sealed Air Corporation, valued at approximately $568,000, as part of their recent investment moves during the first quarter.
• Sealed Air Corporation's quarterly earnings exceeded expectations, reporting an EPS of $0.89, beating estimates of $0.72, despite a year-over-year revenue decrease of 0.7%.
• The company declared a quarterly dividend of $0.20 per share, indicating an annualized yield of 2.5%, with the ex-dividend date set for September 12th.

EdgePoint Investment Group Inc. acquired a new stake in Sealed Air Corporation (NYSE:SEE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,654 shares of the industrial products company's stock, valued at approximately $568,000.

Other large investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air in the first quarter valued at about $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sealed Air during the 4th quarter worth $27,000. North Capital Inc. bought a new stake in Sealed Air during the 1st quarter worth $30,000. CX Institutional bought a new stake in Sealed Air during the 1st quarter worth $52,000. Finally, Whittier Trust Co. grew its position in Sealed Air by 77.7% during the 1st 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 institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho boosted their price objective on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group boosted 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. Finally, Truist Financial boosted their price objective on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Sealed Air Trading Up 1.3%

Shares of NYSE:SEE traded up $0.41 during midday trading on Friday, reaching $32.72. The company's stock had a trading volume of 1,213,442 shares, compared to its average volume of 1,467,573. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.55 and a beta of 1.33. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a 50 day moving average price of $31.23 and a two-hundred day moving average price of $30.42. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data 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. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm'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. As a group, analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's 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.