Woodline Partners LP Buys New Shares 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 acquired a new stake in Sealed Air Corporation (NYSE:SEE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 612,840 shares of the industrial products company's stock, valued at approximately $17,711,000. Woodline Partners LP owned about 0.42% of Sealed Air as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of Sealed Air by 1.9% in the 1st 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 period. Invesco Ltd. increased its holdings in Sealed Air by 2.5% in the first quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company's stock valued at $112,253,000 after purchasing an additional 95,361 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Sealed Air by 42.1% in 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. Northern Trust Corp lifted its stake in Sealed Air by 9.8% in the first quarter. Northern Trust Corp now owns 1,803,421 shares of the industrial products company's stock valued at $52,119,000 after buying an additional 161,050 shares during the period. Finally, Alberta Investment Management Corp bought a new position in Sealed Air during the first quarter worth about $46,127,000. Institutional investors own 94.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial upped their price target on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Mizuho upped their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research note on Tuesday, July 15th. Wells Fargo & Company increased their target price on shares of 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 reissued a "strong-buy" rating on shares of Sealed Air in a report on Tuesday, July 15th. Finally, UBS Group upped their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.55.

Sealed Air Stock Up 0.1%

Shares of Sealed Air stock traded up $0.05 on Friday, hitting $33.96. The company had a trading volume of 1,881,110 shares, compared to its average volume of 1,461,520. The stock has a 50-day moving average of $31.35 and a 200-day moving average of $30.43. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The firm has a market capitalization of $5.00 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.64 and a beta of 1.33.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.72 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The firm's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Research analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Sealed Air's dividend payout ratio (DPR) is presently 40.40%.

Sealed Air 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.