Marathon Asset Management Ltd Cuts Position in Sealed Air Corporation (NYSE:SEE)

Marathon Asset Management Ltd decreased its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 500,528 shares of the industrial products company's stock after selling 52,545 shares during the quarter. Marathon Asset Management Ltd owned about 0.34% of Sealed Air worth $14,465,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC increased its position in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after buying an additional 913 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after buying an additional 712 shares in the last quarter. CX Institutional purchased a new position in shares of Sealed Air in the first quarter valued at $52,000. Finally, Jones Financial Companies Lllp increased its position in shares of Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after buying an additional 778 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SEE shares. Jefferies Financial Group set a $36.00 price target on Sealed Air in a research report on Tuesday, March 4th. Truist Financial dropped their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target for the company in a research report on Monday, April 7th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Mizuho dropped their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Stock Down 0.5%

Shares of NYSE:SEE opened at $31.23 on Friday. The stock's 50-day moving average price is $30.69 and its two-hundred day moving average price is $31.55. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26. Sealed Air Corporation has a 12-month low of $22.78 and a 12-month high of $38.85. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.86 and a beta of 1.37.

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

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, June 13th. Sealed Air's dividend payout ratio is currently 39.60%.

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.

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