Wolf Group Capital Advisors Takes Position in Sealed Air Corporation (NYSE:SEE)

Wolf Group Capital Advisors bought a new position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,734 shares of the industrial products company's stock, valued at approximately $657,000.

A number of other large investors have also recently added to or reduced their stakes in SEE. Vanguard Group Inc. boosted its holdings in Sealed Air by 17.7% during the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after buying an additional 2,754,395 shares in the last quarter. Invesco Ltd. boosted its holdings in Sealed Air by 69.2% during the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after buying an additional 1,549,184 shares in the last quarter. Norges Bank bought a new stake in Sealed Air during the fourth quarter worth approximately $50,562,000. T. Rowe Price Investment Management Inc. boosted its holdings in Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock worth $416,657,000 after buying an additional 1,081,848 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Sealed Air by 84.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock worth $68,182,000 after buying an additional 920,000 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a report on Monday, April 7th. Mizuho decreased their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Truist Financial decreased their price objective on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sealed Air currently has an average rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Stock Down 0.3%

Shares of NYSE:SEE traded down $0.10 during trading on Friday, reaching $30.36. 1,252,003 shares of the company traded hands, compared to its average volume of 1,534,348. The firm has a fifty day simple moving average of $30.21 and a 200 day simple moving average of $31.71. The firm has a market cap of $4.46 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.76 and a beta of 1.37. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $38.85. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 5.26.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, June 13th. 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.