Sealed Air (NYSE:SEE) Reaches New 12-Month Low - Here's Why

Sealed Air Co. (NYSE:SEE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $27.11 and last traded at $27.51, with a volume of 1335086 shares changing hands. The stock had previously closed at $27.91.

Wall Street Analyst Weigh In

SEE has been the topic of a number of analyst reports. Bank of America cut their price objective on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Citigroup reduced their target price on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, January 6th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley reduced their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Raymond James lowered their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.00.

Sealed Air Price Performance

The firm has a market cap of $4.23 billion, a PE ratio of 10.61 and a beta of 1.35. The firm has a 50-day simple moving average of $28.40 and a 200 day simple moving average of $32.72. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. As a group, equities analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.78%. Sealed Air's payout ratio is 44.20%.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sealed Air

A number of institutional investors have recently bought and sold shares of SEE. Tidal Investments LLC boosted its holdings in Sealed Air by 6.7% in the 3rd quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company's stock worth $1,180,000 after buying an additional 2,051 shares during the period. JPMorgan Chase & Co. boosted its holdings in Sealed Air by 501.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company's stock valued at $28,853,000 after acquiring an additional 662,606 shares during the period. GAMMA Investing LLC grew its stake in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after acquiring an additional 907 shares in the last quarter. Nordea Investment Management AB grew its holdings in Sealed Air by 186.1% during the 4th quarter. Nordea Investment Management AB now owns 442,857 shares of the industrial products company's stock worth $15,031,000 after acquiring an additional 288,044 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Sealed Air by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company's stock valued at $326,000 after purchasing an additional 380 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

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.