Horizon Kinetics Asset Management LLC Raises Position in Sealed Air Corporation $SEE

Horizon Kinetics Asset Management LLC grew its position in shares of Sealed Air Corporation (NYSE:SEE) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,150 shares of the industrial products company’s stock after buying an additional 1,600 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Sealed Air were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SEE. Atlantic Union Bankshares Corp bought a new position in Sealed Air in the 2nd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air in the 1st quarter worth $26,000. Parkside Financial Bank & Trust raised its stake in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sealed Air by 94.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 756 shares in the last quarter. Finally, Traub Capital Management LLC bought a new position in shares of Sealed Air during the second quarter valued at $55,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Up 1.4%

Shares of NYSE:SEE opened at $43.35 on Tuesday. The stock’s 50-day simple moving average is $36.08 and its two-hundred day simple moving average is $33.17. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.40 and a beta of 1.38. Sealed Air Corporation has a 52-week low of $22.78 and a 52-week high of $44.27. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. The firm had revenue of $1.35 billion for 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. Analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 5th. Sealed Air’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEE shares. Wall Street Zen downgraded Sealed Air from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target (up previously from $43.80) on shares of Sealed Air in a report on Monday, November 17th. Wells Fargo & Company lifted their price target on shares of Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Mizuho boosted their price objective 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. Finally, Citigroup increased their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

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.