QSM Asset Management Ltd Sells 16,517 Shares of Sealed Air Corporation $SEE

Key Points

• QSM Asset Management Ltd reduced its holdings in Sealed Air Corporation by 10%, selling 16,517 shares, now owning 148,655 shares valued at approximately $4.63 million.
• Analysts have recently increased their price targets for Sealed Air, with upgrades from several firms including Truist Financial and Citigroup, reflecting a generally favorable outlook on the stock.
• Sealed Air announced a quarterly dividend of $0.20 per share, representing an annualized yield of 2.4%, with a payout ratio of 40.40%.

QSM Asset Management Ltd trimmed its holdings in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,655 shares of the industrial products company's stock after selling 16,517 shares during the quarter. Sealed Air accounts for about 4.3% of QSM Asset Management Ltd's portfolio, making the stock its 12th largest position. QSM Asset Management Ltd owned 0.10% of Sealed Air worth $4,625,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Burney Co. grew its holdings in Sealed Air by 4.1% during the 1st quarter. Burney Co. now owns 12,316 shares of the industrial products company's stock worth $356,000 after acquiring an additional 481 shares during the last quarter. Empowered Funds LLC grew its holdings in Sealed Air by 4.1% during the 1st quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company's stock worth $363,000 after acquiring an additional 500 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Sealed Air by 3.6% in the 2nd quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company's stock valued at $503,000 after purchasing an additional 566 shares during the last quarter. Xponance Inc. boosted its stake in shares of Sealed Air by 7.2% in the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company's stock valued at $247,000 after purchasing an additional 577 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sealed Air by 94.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 756 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Citigroup upped their price objective on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. upgraded shares of Sealed Air from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, September 9th. UBS Group upped their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Mizuho upped their price objective on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Sealed Air presently has an average rating of "Moderate Buy" and a consensus price target of $38.55.

Sealed Air Price Performance

SEE stock opened at $33.45 on Tuesday. The firm has a 50 day moving average of $31.57 and a 200-day moving average of $30.49. The firm has a market capitalization of $4.92 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month 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, beating analysts' consensus estimates of $0.72 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, sell-side analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio (DPR) is currently 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.

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