Sealed Air Corporation $SEE Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of Sealed Air Corporation (NYSE:SEE) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,414 shares of the industrial products company’s stock after selling 1,408 shares during the period. Blair William & Co. IL’s holdings in Sealed Air were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Maryland State Retirement & Pension System boosted its position in shares of Sealed Air by 1.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 50,016 shares of the industrial products company’s stock worth $1,552,000 after buying an additional 775 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Sealed Air by 7.4% in the second quarter. KLP Kapitalforvaltning AS now owns 30,500 shares of the industrial products company’s stock valued at $946,000 after purchasing an additional 2,100 shares in the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of Sealed Air by 63.3% in the second quarter. Sendero Wealth Management LLC now owns 13,411 shares of the industrial products company’s stock valued at $416,000 after purchasing an additional 5,196 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Sealed Air in the second quarter valued at about $82,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in shares of Sealed Air in the second quarter valued at about $208,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Trading Up 1.0%

SEE opened at $34.49 on Friday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.43 and a beta of 1.36. The firm’s 50 day moving average is $33.23 and its 200-day moving average is $31.14. Sealed Air Corporation has a 52-week low of $22.78 and a 52-week high of $38.85. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.17. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Analysts expect that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th. Sealed Air’s payout ratio is currently 40.40%.

Analysts Set New Price Targets

A number of research firms have issued reports on SEE. Mizuho upped their target price on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Royal Bank Of Canada set a $48.00 target price on shares of Sealed Air and gave the company an “outperform” rating in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Sealed Air from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. upgraded shares of Sealed Air from a “neutral” rating to an “overweight” rating and upped their target price for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sealed Air in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

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.