Brandywine Global Investment Management LLC Raises Holdings in Sealed Air Corporation $SEE

Key Points

• Brandywine Global Investment Management LLC increased its holdings in Sealed Air Corporation by 22.1%, acquiring an additional 92,344 shares during the first quarter.
• Wall Street analysts have raised their price targets for Sealed Air, with ratings ranging from "overweight" to "strong buy," and an average price target of $38.80.
• Sealed Air announced a quarterly dividend of $0.20 per share, representing a 2.5% yield, to be paid on September 26th for stockholders of record on September 12th.

Brandywine Global Investment Management LLC grew its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 22.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 510,425 shares of the industrial products company's stock after buying an additional 92,344 shares during the quarter. Brandywine Global Investment Management LLC owned 0.35% of Sealed Air worth $14,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fox Run Management L.L.C. increased its position in shares of Sealed Air by 238.2% in the first quarter. Fox Run Management L.L.C. now owns 43,384 shares of the industrial products company's stock valued at $1,254,000 after buying an additional 30,555 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Sealed Air by 29.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 10,798 shares of the industrial products company's stock worth $312,000 after purchasing an additional 2,468 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sealed Air during the first quarter worth approximately $58,000. Russell Investments Group Ltd. increased its position in shares of Sealed Air by 9.4% during the first quarter. Russell Investments Group Ltd. now owns 105,651 shares of the industrial products company's stock worth $3,053,000 after purchasing an additional 9,052 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Sealed Air by 43.1% during the first quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company's stock worth $15,009,000 after purchasing an additional 156,309 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Trading Up 0.6%

Shares of Sealed Air stock traded up $0.1850 during trading hours on Tuesday, hitting $31.3150. The company's stock had a trading volume of 1,836,804 shares, compared to its average volume of 1,600,492. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The firm has a fifty day moving average of $30.98 and a 200-day moving average of $30.58. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.47 and a beta of 1.33. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.72 by $0.17. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company'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. Research analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio is 40.40%.

Analyst Upgrades and Downgrades

SEE has been the subject of several research reports. Truist Financial boosted their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Citigroup boosted their price target 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 reiterated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company boosted their price objective on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

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.