XTX Topco Ltd Acquires Shares of 10,658 Sealed Air Corporation (NYSE:SEE)

XTX Topco Ltd purchased a new position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,658 shares of the industrial products company's stock, valued at approximately $308,000.

Several other institutional investors also recently modified their holdings of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air during the 4th quarter worth approximately $27,000. North Capital Inc. bought a new position in Sealed Air during the 1st quarter worth approximately $30,000. CX Institutional bought a new position in Sealed Air during the 1st quarter worth approximately $52,000. Whittier Trust Co. boosted its stake in Sealed Air by 77.7% during the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock worth $53,000 after acquiring an additional 797 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Sealed Air by 1,263.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,464 shares of the industrial products company's stock worth $100,000 after acquiring an additional 3,210 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Analysts Set New Price Targets

SEE has been the topic of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Truist Financial lifted their price target on shares of Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group lifted their price target on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.27.

Sealed Air Stock Down 1.8%

SEE traded down $0.54 during trading on Thursday, reaching $29.86. 1,252,073 shares of the stock were exchanged, compared to its average volume of 1,567,738. The stock has a market cap of $4.39 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.34 and a beta of 1.33. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The stock's 50 day moving average price is $31.07 and its two-hundred day moving average price is $30.74. 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 (NYSE:SEE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. Equities analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently announced 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, September 12th. Sealed Air's payout ratio is presently 40.40%.

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.