Sealed Air Co. (NYSE:SEE) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,212 shares of the industrial products company's stock after buying an additional 73,447 shares during the period. First Eagle Investment Management LLC owned 0.23% of Sealed Air worth $12,169,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its stake in Sealed Air by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 63,143 shares of the industrial products company's stock valued at $2,075,000 after acquiring an additional 320 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Sealed Air by 4.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,824 shares of the industrial products company's stock worth $286,000 after buying an additional 342 shares during the last quarter. Yousif Capital Management LLC increased its position in Sealed Air by 1.5% during the third quarter. Yousif Capital Management LLC now owns 24,127 shares of the industrial products company's stock worth $793,000 after buying an additional 348 shares during the period. Column Capital Advisors LLC lifted 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, Sequoia Financial Advisors LLC lifted its stake in Sealed Air by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 11,273 shares of the industrial products company's stock valued at $370,000 after buying an additional 389 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Price Performance

NYSE:SEE traded up $0.20 during trading hours on Thursday, hitting $38.98. The company's stock had a trading volume of 1,024,532 shares, compared to its average volume of 1,619,689. The company has a market capitalization of $5.68 billion, a PE ratio of 15.65, a PEG ratio of 3.44 and a beta of 1.31. Sealed Air Co. has a 52-week low of $28.50 and a 52-week high of $47.12. The business's 50-day moving average is $34.79 and its two-hundred day moving average is $34.86. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share. As a group, research analysts anticipate that Sealed Air Co. will post 2.88 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, March 7th. Sealed Air's payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wolfe Research began coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. Truist Financial upgraded shares of Sealed Air from a "hold" rating to a "buy" rating and lifted their price objective for the company from $39.00 to $44.00 in a research note on Monday, April 8th. Mizuho decreased their target price 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. Finally, William Blair reissued a "market perform" rating on shares of Sealed Air in a report on Thursday, May 2nd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

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.

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