Maryland State Retirement & Pension System boosted its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 458.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,938 shares of the industrial products company's stock after buying an additional 52,494 shares during the quarter. Maryland State Retirement & Pension System's holdings in Sealed Air were worth $2,335,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. CVA Family Office LLC acquired a new stake in Sealed Air in the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC purchased a new position in Sealed Air during the 4th quarter worth $29,000. Massmutual Trust Co. FSB ADV increased its position in Sealed Air by 81.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company's stock valued at $36,000 after buying an additional 449 shares in the last quarter. Column Capital Advisors LLC raised its stake in Sealed Air by 57.9% in the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company's stock valued at $35,000 after buying an additional 385 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Sealed Air by 80.3% in the third quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company's stock worth $35,000 after acquiring an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on SEE. William Blair reaffirmed a "market perform" rating on shares of Sealed Air in a report on Thursday, May 2nd. Mizuho decreased their price objective on shares of Sealed Air from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. Wolfe Research initiated coverage on shares of Sealed Air in a research note on Friday, March 1st. They issued a "peer perform" rating on the stock. Wells Fargo & Company raised Sealed Air from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Truist Financial raised Sealed Air from a "hold" rating to a "buy" rating and boosted their price objective for the company from $39.00 to $44.00 in a report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.91.
View Our Latest Analysis on Sealed Air
Sealed Air Price Performance
NYSE:SEE traded up $0.65 during trading hours on Wednesday, hitting $37.00. 1,579,036 shares of the stock were exchanged, compared to its average volume of 1,637,826. The company has a market cap of $5.39 billion, a P/E ratio of 14.83, a P/E/G ratio of 3.86 and a beta of 1.31. The firm's fifty day moving average price is $34.36 and its 200 day moving average price is $34.54. Sealed Air Co. has a 52-week low of $28.50 and a 52-week high of $47.12. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49.
Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Sealed Air Co. will post 2.8 EPS for the current fiscal year.
Sealed Air Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.16%. Sealed Air's dividend payout ratio is presently 32.13%.
About Sealed Air
(
Free Report)
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.
Read More
Before you consider Sealed Air, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sealed Air wasn't on the list.
While Sealed Air currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
