76,057 Shares in Sealed Air Corporation $SEE Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP purchased a new stake in Sealed Air Corporation, acquiring 76,057 shares valued at approximately $2.2 million, indicating growing interest from institutional investors.
• Sealed Air's quarterly earnings report revealed $0.89 earnings per share, surpassing analyst expectations and showing a slight decline in revenue compared to the same period last year.
• The company declared a $0.20 quarterly dividend, reflecting a 2.5% dividend yield, with a payout ratio of 40.4%, catering to income-focused investors.

Quantbot Technologies LP purchased a new position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,057 shares of the industrial products company's stock, valued at approximately $2,198,000. Quantbot Technologies LP owned 0.05% of Sealed Air at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northern Trust Corp increased its stake in Sealed Air by 9.8% during the first quarter. Northern Trust Corp now owns 1,803,421 shares of the industrial products company's stock worth $52,119,000 after purchasing an additional 161,050 shares during the period. FCG Investment Co purchased a new stake in Sealed Air during the first quarter worth about $551,000. Raymond James Financial Inc. increased its stake in Sealed Air by 34.3% during the first quarter. Raymond James Financial Inc. now owns 668,650 shares of the industrial products company's stock worth $19,324,000 after purchasing an additional 170,827 shares during the period. Brandywine Global Investment Management LLC increased its stake in Sealed Air by 22.1% during the first quarter. Brandywine Global Investment Management LLC now owns 510,425 shares of the industrial products company's stock worth $14,751,000 after purchasing an additional 92,344 shares during the period. Finally, Fox Run Management L.L.C. increased its stake in Sealed Air by 238.2% during the first quarter. Fox Run Management L.L.C. now owns 43,384 shares of the industrial products company's stock worth $1,254,000 after purchasing an additional 30,555 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SEE has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Truist Financial upped their target price 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. Wells Fargo & Company upped their target price 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. Raymond James Financial restated a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Finally, UBS Group upped their target price on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One investment 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 company. According to data from MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Sealed Air Stock Up 3.2%

SEE traded up $1.0010 on Friday, reaching $32.7210. The company's stock had a trading volume of 1,492,666 shares, compared to its average volume of 1,657,492. The stock has a 50 day moving average of $30.95 and a two-hundred day moving average of $30.50. 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 company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.55 and a beta of 1.33. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.17. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued 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 is 40.40%.

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.