Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Sealed Air Corporation $SEE

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Sealed Air Corporation (NYSE:SEE) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,120 shares of the industrial products company’s stock after selling 1,445 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Sealed Air were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in shares of Sealed Air during the first quarter worth about $46,127,000. Woodline Partners LP purchased a new stake in Sealed Air during the 1st quarter worth approximately $17,711,000. Nuveen LLC acquired a new stake in Sealed Air during the 1st quarter worth approximately $8,286,000. Mizuho Markets Cayman LP purchased a new position in Sealed Air in the 2nd quarter valued at approximately $8,722,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in Sealed Air by 1.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company’s stock valued at $362,555,000 after buying an additional 228,937 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEE has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sealed Air in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Truist Financial reissued a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Sealed Air in a research report on Wednesday, November 5th. Finally, Morgan Stanley raised their target price on shares of Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.83.

Sealed Air Price Performance

Shares of SEE opened at $43.12 on Thursday. The firm has a fifty day moving average price of $36.46 and a 200 day moving average price of $33.33. The stock has a market cap of $6.34 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.38. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $44.27. 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 posted its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, sell-side analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, December 5th. Sealed Air’s dividend payout ratio is presently 25.97%.

About Sealed Air

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.