Sealed Air Co. (NYSE:SEE) Shares Sold by Swiss National Bank

Posted by Defense World Staff on May 12th, 2023

Swiss National Bank reduced its position in Sealed Air Co. (NYSE:SEE – Get Rating) by 6.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 590,200 shares of the industrial products company’s stock after selling 43,239 shares during the quarter. Swiss National Bank owned about 0.41% of Sealed Air worth $29,439,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SEE. BlackRock Inc. grew its stake in shares of Sealed Air by 0.4% during the 3rd quarter. BlackRock Inc. now owns 20,166,069 shares of the industrial products company’s stock worth $897,592,000 after purchasing an additional 72,993 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sealed Air by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,576,676 shares of the industrial products company’s stock worth $737,828,000 after purchasing an additional 97,907 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Sealed Air by 8.1% during the 1st quarter. Invesco Ltd. now owns 1,864,897 shares of the industrial products company’s stock worth $124,874,000 after purchasing an additional 140,270 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Sealed Air by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,612,132 shares of the industrial products company’s stock worth $71,756,000 after purchasing an additional 5,551 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Sealed Air by 21.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,157,315 shares of the industrial products company’s stock worth $51,512,000 after purchasing an additional 202,073 shares during the last quarter. 89.63% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Down 0.1 %

SEE stock opened at $42.19 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 5.09 and a beta of 1.23. The firm has a fifty day moving average price of $45.43 and a two-hundred day moving average price of $48.92. Sealed Air Co. has a 1-year low of $41.15 and a 1-year high of $65.04. The company has a debt-to-equity ratio of 13.39, a current ratio of 1.19 and a quick ratio of 0.64.

Sealed Air (NYSE:SEE – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). Sealed Air had a return on equity of 196.19% and a net margin of 7.25%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $1.12 earnings per share. Sealed Air’s revenue was down 4.9% compared to the same quarter last year. Research analysts predict that Sealed Air Co. will post 3.59 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 9th. This represents a $0.80 annualized dividend and a yield of 1.90%. Sealed Air’s payout ratio is presently 28.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SEE shares. UBS Group raised shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, April 5th. Royal Bank of Canada decreased their target price on shares of Sealed Air from $58.00 to $54.00 in a research report on Thursday, May 4th. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Saturday, April 8th. Citigroup raised their target price on shares of Sealed Air from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Finally, Morgan Stanley cut shares of Sealed Air from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $60.00 to $48.00 in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.27.

Sealed Air Profile

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.