Russell Investments Group Ltd. Has $3.05 Million Position in Sealed Air Corporation $SEE

Key Points

• Russell Investments Group Ltd. increased its holdings in Sealed Air Corporation by 9.4%, acquiring an additional 9,052 shares and totaling 105,651 shares worth $3,053,000.
• Sealed Air Corporation reported $0.89 earnings per share for the last quarter, exceeding analysts' estimates of $0.72, while also disclosing a dividend payment of $0.20 per share.
• Multiple research firms have recently adjusted their price targets for Sealed Air, with Wells Fargo raising it from $39.00 to $43.00 and Citigroup increasing it from $33.00 to $37.00.

Russell Investments Group Ltd. raised its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,651 shares of the industrial products company's stock after acquiring an additional 9,052 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Sealed Air worth $3,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in Sealed Air in the first quarter valued at approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air in the fourth quarter valued at approximately $27,000. North Capital Inc. bought a new position in Sealed Air in the first quarter valued at approximately $30,000. CX Institutional bought a new position in Sealed Air in the first quarter valued at approximately $52,000. Finally, Whittier Trust Co. boosted its stake in Sealed Air by 77.7% in the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 797 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Up 0.1%

Shares of NYSE:SEE traded up $0.05 during midday trading on Thursday, reaching $32.24. 784,204 shares of the company were exchanged, compared to its average volume of 1,584,270. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. 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 stock has a fifty day simple moving average of $31.03 and a two-hundred day simple moving average of $30.52. The firm has a market cap of $4.74 billion, a PE ratio of 16.28, a P/E/G ratio of 2.51 and a beta of 1.33.

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

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, September 12th. Sealed Air's payout ratio is presently 40.40%.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Citigroup lifted their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Mizuho lifted their price target on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price target on shares of Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.80.

Sealed Air Company 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.