Wolf Group Capital Advisors Purchases Shares of 22,734 Sealed Air Corporation (NYSE:SEE)

Wolf Group Capital Advisors purchased a new stake in Sealed Air Corporation (NYSE:SEE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,734 shares of the industrial products company's stock, valued at approximately $657,000.

Several other large investors have also recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in Sealed Air by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock valued at $1,430,000 after acquiring an additional 348 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock valued at $1,470,000 after acquiring an additional 350 shares during the period. Metis Global Partners LLC raised its holdings in Sealed Air by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 375 shares during the period. Truist Financial Corp increased its holdings in shares of Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock worth $399,000 after purchasing an additional 377 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Sealed Air by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 63,960 shares of the industrial products company's stock worth $2,164,000 after purchasing an additional 400 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of NYSE:SEE opened at $30.87 on Wednesday. The company's 50 day simple moving average is $29.95 and its 200 day simple moving average is $31.84. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 2.86 and a beta of 1.37. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.26 and a quick ratio of 0.76. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data 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. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. As a group, research analysts predict 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, June 27th. Shareholders of record on Friday, June 13th will be given a $0.20 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Sealed Air's dividend payout ratio is currently 39.60%.

Wall Street Analyst Weigh In

SEE has been the topic of several recent research reports. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Mizuho lowered their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a report on Monday, April 7th. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a report on Tuesday, March 4th. Finally, Raymond James Financial lowered their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

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.

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