Deutsche Bank AG Has $1.70 Million Stake in Sealed Air Corporation $SEE

Key Points

• Deutsche Bank AG reduced its stake in Sealed Air Corporation by 30%, owning 58,948 shares after selling 25,233 shares, worth approximately $1.7 million.
• Sealed Air reported earnings of $0.89 per share for the recent quarter, exceeding estimates, and has set its FY 2025 earnings guidance at 2.900-3.300 EPS.
• The company announced a quarterly dividend of $0.20 per share, translating to an annual yield of 2.5%, with a payout ratio of 40.40%.

Deutsche Bank AG lessened its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 30.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,948 shares of the industrial products company's stock after selling 25,233 shares during the quarter. Deutsche Bank AG's holdings in Sealed Air were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air during the 1st quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sealed Air in the 4th quarter valued at $27,000. North Capital Inc. acquired a new stake in Sealed Air in the 1st quarter valued at $30,000. CX Institutional acquired a new stake in Sealed Air in the 1st quarter valued at $52,000. Finally, Whittier Trust Co. boosted its stake in 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 buying an additional 797 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Trading Up 3.2%

Shares of SEE traded up $1.0010 during trading hours on Friday, hitting $32.7210. 1,492,666 shares of the stock traded hands, compared to its average volume of 1,630,965. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $38.85. The firm has a market capitalization of $4.81 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. The business has a fifty day moving average of $30.95 and a 200-day moving average of $30.53.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (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 firm posted $0.83 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio is 40.40%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group boosted their price target on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their price target on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Mizuho boosted their price target on Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research note on Tuesday, July 15th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.