Commerce Bank lifted its stake in shares of Sealed Air Co. (NYSE:SEE – Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,878 shares of the industrial products company’s stock after acquiring an additional 315 shares during the quarter. Commerce Bank’s holdings in Sealed Air were worth $821,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SEE. California Public Employees Retirement System increased its stake in Sealed Air by 0.9% in the 4th quarter. California Public Employees Retirement System now owns 343,668 shares of the industrial products company’s stock worth $17,142,000 after purchasing an additional 3,176 shares in the last quarter. Ieq Capital LLC increased its position in shares of Sealed Air by 17.1% in the first quarter. Ieq Capital LLC now owns 6,760 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 987 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Sealed Air by 18.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 40,980 shares of the industrial products company’s stock valued at $2,047,000 after acquiring an additional 6,296 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Sealed Air by 23.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,181 shares of the industrial products company’s stock valued at $1,294,000 after acquiring an additional 5,356 shares in the last quarter. Finally, AGF Management Ltd. boosted its stake in Sealed Air by 51.9% in the 1st quarter. AGF Management Ltd. now owns 13,202 shares of the industrial products company’s stock worth $606,000 after purchasing an additional 4,511 shares during the period. 87.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Citigroup reduced their target price on Sealed Air from $48.00 to $43.00 in a report on Monday, July 10th. Bank of America raised Sealed Air from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $61.00 to $52.00 in a research note on Monday, July 10th. StockNews.com initiated coverage on Sealed Air in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley lowered shares of Sealed Air from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $60.00 to $48.00 in a research report on Tuesday, May 9th. Finally, Royal Bank of Canada lowered their price objective on shares of Sealed Air from $58.00 to $54.00 in a research report on Thursday, May 4th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.00.
Sealed Air Stock Performance
Shares of SEE opened at $44.08 on Tuesday. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 8.13 and a beta of 1.25. The company’s fifty day moving average is $41.75 and its 200-day moving average is $45.11. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 13.39. Sealed Air Co. has a 12 month low of $37.34 and a 12 month high of $59.66.
Sealed Air Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.81%. The ex-dividend date was Thursday, June 8th. Sealed Air’s payout ratio is 28.88%.
Sealed Air Company Profile
Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and NewZealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.
Featured Stories
- Five stocks we like better than Sealed Air
- ETF Screener: Uses and Step-by-Step Guide
- 8 Best Meme Stocks to Buy Now
- The Role Economic Reports Play in a Successful Investment Strategy
- Is Now The Time To Buy XLF Financial ETF?
- What is a Non-Fungible Token (NFT)? Definition and How it Works
- Three Ways To Play The Rise In Oil Prices
Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.
