Fox Run Management L.L.C. Raises Position in Sealed Air Corporation $SEE

Key Points

• Fox Run Management L.L.C. increased its stake in Sealed Air Corporation by 238.2% during the first quarter, acquiring 30,555 additional shares and valuing its total holdings at $1,254,000.
• Analysts have raised their price targets on Sealed Air, with Wells Fargo increasing it from $39.00 to $43.00 and multiple firms giving ratings ranging from "buy" to "strong buy."
• Sealed Air announced a quarterly dividend of $0.20 per share, set to be paid out on September 26th, which represents an annual yield of 2.7%.

Fox Run Management L.L.C. increased its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 238.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,384 shares of the industrial products company's stock after buying an additional 30,555 shares during the period. Fox Run Management L.L.C.'s holdings in Sealed Air were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SEE. Brighton Jones LLC bought a new position in Sealed Air in the fourth quarter worth approximately $737,000. Raymond James Financial Inc. acquired a new position in shares of Sealed Air during the fourth quarter worth $16,841,000. Treasurer of the State of North Carolina increased its position in shares of Sealed Air by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 63,960 shares of the industrial products company's stock worth $2,164,000 after purchasing an additional 400 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Sealed Air by 53.7% during the fourth quarter. Sterling Capital Management LLC now owns 8,283 shares of the industrial products company's stock worth $280,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Sealed Air by 18.1% during the fourth quarter. Guggenheim Capital LLC now owns 36,863 shares of the industrial products company's stock worth $1,247,000 after purchasing an additional 5,654 shares in the last quarter. Institutional investors own 94.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SEE. Wells Fargo & Company upped their price target on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Citigroup boosted their price objective on shares of Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group boosted their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a 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, Truist Financial boosted their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.80.

Sealed Air Stock Performance

NYSE:SEE traded down $0.3690 during mid-day trading on Wednesday, hitting $30.9410. The company's stock had a trading volume of 185,939 shares, compared to its average volume of 1,591,152. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $38.85. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 2.44 and a beta of 1.33. The business's fifty day moving average is $30.94 and its two-hundred day moving average is $30.59.

Sealed Air (NYSE:SEE - Get Free Report) last posted 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 net margin of 5.46% and a return on equity of 60.61%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.83 EPS. The company's revenue for the quarter was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm 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 $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. Sealed Air's dividend payout ratio 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.