Royce & Associates LP Has $5.46 Million Holdings in Sealed Air Corporation (NYSE:SEE)

Key Points

• Royce & Associates LP significantly increased its holdings in Sealed Air Corporation by 1,194.8%, now owning 189,022 shares valued at approximately $5.5 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Sealed Air, with an average price target of $38.27, reflecting optimism for the company's future performance.
• Sealed Air recently declared a quarterly dividend of $0.20 per share, representing an annual yield of 2.58%, with a payout ratio of 39.60%.

Royce & Associates LP lifted its stake in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 1,194.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,022 shares of the industrial products company's stock after purchasing an additional 174,424 shares during the quarter. Royce & Associates LP owned about 0.13% of Sealed Air worth $5,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sealed Air during the fourth quarter valued at about $27,000. North Capital Inc. bought a new stake in shares of Sealed Air during the first quarter valued at about $30,000. Brown Brothers Harriman & Co. raised its position in Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock worth $51,000 after acquiring an additional 712 shares in the last quarter. CX Institutional bought a new stake in Sealed Air in the first quarter worth about $52,000. Finally, Whittier Trust Co. raised its position 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 worth $53,000 after acquiring an additional 797 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of analyst reports. Mizuho lifted their price target on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research note on Tuesday, July 15th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Truist Financial lifted their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, UBS Group lifted their price target on Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and an average target price of $38.27.

Sealed Air Stock Down 1.2%

NYSE:SEE traded down $0.36 on Tuesday, hitting $30.40. 539,094 shares of the company's stock traded hands, compared to its average volume of 1,578,469. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $38.85. The firm has a 50-day moving average price of $31.70 and a 200-day moving average price of $31.12. The company has a market cap of $4.47 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.83 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.67 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. Equities analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

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 issued a $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.63%. Sealed Air's dividend payout ratio (DPR) is currently 39.60%.

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.