Marathon Asset Management Ltd Has $14.47 Million Holdings in Sealed Air Corporation (NYSE:SEE)

Marathon Asset Management Ltd lowered its stake in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 9.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 500,528 shares of the industrial products company's stock after selling 52,545 shares during the period. Marathon Asset Management Ltd owned approximately 0.34% of Sealed Air worth $14,465,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SEE. Vanguard Group Inc. lifted its position in shares of Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after acquiring an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Sealed Air by 9.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock valued at $416,657,000 after purchasing an additional 1,081,848 shares in the last quarter. Invesco Ltd. lifted its position in Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after purchasing an additional 1,549,184 shares during the period. Dimensional Fund Advisors LP boosted its stake in Sealed Air by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company's stock worth $74,583,000 after buying an additional 178,592 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Sealed Air by 84.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock valued at $68,182,000 after buying an additional 920,000 shares during the period. Institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SEE shares. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a research note on Monday, April 7th. Raymond James Financial lowered their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Truist Financial lowered their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Mizuho dropped their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Price Performance

SEE traded up $0.96 during midday trading on Tuesday, hitting $31.99. The company had a trading volume of 1,759,593 shares, compared to its average volume of 1,541,364. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The company has a market capitalization of $4.70 billion, a PE ratio of 15.84, a P/E/G ratio of 2.85 and a beta of 1.37. The company has a debt-to-equity ratio of 5.26, a quick ratio of 0.76 and a current ratio of 1.26. The firm's 50-day simple moving average is $30.79 and its 200-day simple moving average is $31.45.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. Sealed Air's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. Equities research analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, June 13th. Sealed Air's dividend payout ratio is 39.60%.

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.