Yousif Capital Management LLC Has $1.81 Million Holdings in Sealed Air Corporation $SEE

Yousif Capital Management LLC raised its holdings in Sealed Air Corporation (NYSE:SEE) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,209 shares of the industrial products company’s stock after acquiring an additional 1,019 shares during the period. Yousif Capital Management LLC’s holdings in Sealed Air were worth $1,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Burney Co. grew its position in Sealed Air by 4.1% in the first quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 481 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Sealed Air by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock valued at $1,405,000 after acquiring an additional 482 shares during the last quarter. Empowered Funds LLC grew its position in Sealed Air by 4.1% in the first quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 500 shares during the last quarter. Park Avenue Securities LLC grew its position in Sealed Air by 3.6% in the second quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 566 shares during the last quarter. Finally, Xponance Inc. grew its position in Sealed Air by 7.2% in the first quarter. Xponance Inc. now owns 8,549 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 577 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Sealed Air stock opened at $34.49 on Monday. The stock’s 50 day moving average is $33.23 and its 200 day moving average is $31.18. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The firm has a market cap of $5.07 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.46 and a beta of 1.36. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85.

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

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend 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 analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sealed Air in a research report on Wednesday, October 8th. Truist Financial boosted their price target on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 11th. UBS Group boosted their price target on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Mizuho boosted their price target on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $50.00 price target (up from $39.00) on shares of Sealed Air in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

Sealed Air 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.