Edmond DE Rothschild Holding S.A. Boosts Holdings in Sealed Air Corporation $SEE

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Sealed Air Corporation by 21.4% in Q1, owning 510,000 shares valued at approximately $14.7 million as of the latest reporting period.
• Sealed Air reported $0.89 earnings per share (EPS) for the recent quarter, surpassing the consensus estimate of $0.72, with revenues totaling $1.34 billion.
• The company announced a quarterly dividend of $0.20, set for payment on September 26th, with a dividend yield of 2.5% and a payout ratio of 40.40%.

Edmond DE Rothschild Holding S.A. boosted its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 21.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 510,000 shares of the industrial products company's stock after purchasing an additional 90,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.35% of Sealed Air worth $14,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SEE. Burney Co. grew its position in shares of 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 buying an additional 481 shares in the last quarter. Xponance Inc. grew its holdings in Sealed Air by 7.2% during the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company's stock worth $247,000 after acquiring an additional 577 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Sealed Air during the 4th quarter valued at about $27,000. Whittier Trust Co. raised its holdings in shares of Sealed Air by 77.7% in the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 797 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the 1st quarter worth approximately $26,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

Shares of NYSE SEE traded up $0.41 during midday trading on Friday, reaching $32.72. The company had a trading volume of 1,213,442 shares, compared to its average volume of 1,467,573. The business's 50-day simple moving average is $31.23 and its 200 day simple moving average is $30.42. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $38.85. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The stock has a market cap of $4.81 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.55 and a beta of 1.33.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share 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 the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

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 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio is 40.40%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEE. Truist Financial increased 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. Wells Fargo & Company upped their target price on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Raymond James Financial reiterated a "strong-buy" rating on shares of Sealed Air in a report on Tuesday, July 15th. 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. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

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.