Nuveen LLC Takes $8.29 Million Position in Sealed Air Corporation $SEE

Key Points

• Nuveen LLC has invested approximately $8.29 million by acquiring 286,721 shares of Sealed Air Corporation, representing 0.19% of the company's total shares.
• Institutional investors own a significant majority, about 94.40%, of Sealed Air's stock, with multiple funds recently increasing their holdings.
• Sealed Air Corporation recently announced a quarterly dividend of $0.20 per share, yielding 2.4% annually, set for payment on September 26th.

Nuveen LLC bought a new stake in Sealed Air Corporation (NYSE:SEE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 286,721 shares of the industrial products company's stock, valued at approximately $8,286,000. Nuveen LLC owned approximately 0.19% of Sealed Air as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of SEE. Burney Co. boosted its holdings in shares of Sealed Air by 4.1% during the 1st quarter. Burney Co. now owns 12,316 shares of the industrial products company's stock valued at $356,000 after acquiring an additional 481 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Sealed Air by 7.2% during the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company's stock valued at $247,000 after acquiring an additional 577 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air during the 4th quarter worth $27,000. Whittier Trust Co. raised 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 purchasing an additional 797 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in Sealed Air during the 1st quarter worth $26,000. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Stock Down 0.2%

SEE traded down $0.07 during midday trading on Thursday, reaching $32.13. 351,109 shares of the company were exchanged, compared to its average volume of 1,581,495. 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 company's fifty day moving average price is $31.03 and its 200 day moving average price is $30.52. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 2.51 and a beta of 1.33. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, topping 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company'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 expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on SEE shares. Wells Fargo & Company raised their target price on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. UBS Group lifted 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. Citigroup lifted their price objective on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.