Woodline Partners LP Makes New $17.71 Million Investment in Sealed Air Corporation $SEE

Key Points

• Woodline Partners LP has acquired a new position in Sealed Air Corporation, purchasing 612,840 shares valued at approximately $17.7 million, representing about 0.42% of the company.
• Several analysts have upgraded Sealed Air's stock ratings, with price targets rising to between $36 and $40, indicating a consensus rating of "Moderate Buy."
• Sealed Air recently announced a quarterly dividend of $0.20 per share, with a dividend yield of 2.4% and a payout ratio of 40.40%.

Woodline Partners LP bought a new position in Sealed Air Corporation (NYSE:SEE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 612,840 shares of the industrial products company's stock, valued at approximately $17,711,000. Woodline Partners LP owned 0.42% of Sealed Air at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in shares of Sealed Air during the 1st quarter worth $46,127,000. Victory Capital Management Inc. lifted its holdings in shares of Sealed Air by 42.1% during the first quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company's stock valued at $82,796,000 after purchasing an additional 849,485 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Sealed Air by 168.3% during the fourth quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company's stock valued at $15,791,000 after purchasing an additional 292,826 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Sealed Air during the first quarter valued at $8,286,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Sealed Air by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company's stock valued at $362,555,000 after purchasing an additional 228,937 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Down 0.4%

Shares of NYSE:SEE traded down $0.13 during midday trading on Tuesday, hitting $33.52. 196,895 shares of the stock were exchanged, compared to its average volume of 1,564,712. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. Sealed Air Corporation has a 52-week low of $22.78 and a 52-week high of $38.85. The business's fifty day simple moving average is $31.39 and its two-hundred day simple moving average is $30.41. The company has a market capitalization of $4.93 billion, a PE ratio of 16.92, a P/E/G ratio of 2.64 and a beta of 1.33.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.83 earnings per share. Sealed Air'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. As a group, research analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio is presently 40.40%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SEE shares. Citigroup upped their target price on Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and upped their target price for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. Mizuho raised their target price on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price target on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, UBS Group upped their price target on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.55.

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.