Invesco Ltd. Has $112.25 Million Stock Holdings in Sealed Air Corporation $SEE

Key Points

• Invesco Ltd. increased its stake in Sealed Air Corporation by 2.5%, owning approximately 2.64% of the company, valued at over $112 million.
• Sealed Air reported earnings of $0.89 per share for the last quarter, exceeding expectations and indicating a net margin of 5.46%.
• The company recently declared a quarterly dividend of $0.20, representing a 2.5% yield based on its current stock price.

Invesco Ltd. increased its holdings in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,884,200 shares of the industrial products company's stock after purchasing an additional 95,361 shares during the quarter. Invesco Ltd. owned 2.64% of Sealed Air worth $112,253,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SEE. Brighton Jones LLC bought a new stake in Sealed Air during the 4th quarter worth approximately $737,000. Raymond James Financial Inc. bought a new stake in Sealed Air during the 4th quarter worth approximately $16,841,000. Treasurer of the State of North Carolina increased its stake in Sealed Air by 0.6% during the 4th 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 stake in Sealed Air by 53.7% during the 4th 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 stake in Sealed Air by 18.1% during the 4th 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. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Up 1.3%

Shares of NYSE:SEE traded up $0.41 during midday trading on Thursday, hitting $31.68. The stock had a trading volume of 1,564,035 shares, compared to its average volume of 1,615,339. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The business's 50-day simple moving average is $30.91 and its 200-day simple moving average is $30.57. The company has a market cap of $4.66 billion, a P/E ratio of 16.00, a PEG ratio of 2.44 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 for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the business earned $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. On average, sell-side analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. Sealed Air's dividend payout ratio (DPR) is currently 40.40%.

Analyst Ratings Changes

A number of research firms recently issued reports on SEE. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Truist Financial raised their price target on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Citigroup raised their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One 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 stock. According to data from MarketBeat, Sealed Air currently has a consensus rating of "Moderate Buy" and an average target price of $38.80.

About Sealed Air

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.