Sealed Air (NYSE:SEE) Sees Unusually-High Trading Volume – Here’s What Happened

Sealed Air Corporation (NYSE:SEE) saw unusually-strong trading volume on Monday . Approximately 4,720,809 shares changed hands during mid-day trading, an increase of 184% from the previous session’s volume of 1,663,137 shares.The stock last traded at $41.9450 and had previously closed at $43.28.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James Financial reissued a “strong-buy” rating and set a $50.00 price objective (up from $39.00) on shares of Sealed Air in a research note on Friday, October 17th. Mizuho increased their price target on Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research note on Monday. UBS Group boosted their price objective on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Morgan Stanley raised their target price on shares of Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.83.

Sealed Air Trading Up 1.1%

The stock has a market capitalization of $6.23 billion, a P/E ratio of 21.50, a PEG ratio of 2.40 and a beta of 1.38. The stock’s fifty day moving average price is $35.36 and its 200 day moving average price is $32.80. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Research analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s payout ratio is 25.97%.

Institutional Investors Weigh In On Sealed Air

Large investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new position in Sealed Air during the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air during the 1st quarter worth $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Sealed Air by 383.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 664 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Sealed Air in the third quarter valued at about $27,000. Finally, Parkside Financial Bank & Trust raised its holdings in Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

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.