Bayforest Capital Ltd Has $431,000 Stock Holdings in Sealed Air Corporation (NYSE:SEE)

Bayforest Capital Ltd increased its position in Sealed Air Corporation (NYSE:SEE) by 559.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,912 shares of the industrial products company’s stock after purchasing an additional 12,650 shares during the quarter. Bayforest Capital Ltd’s holdings in Sealed Air were worth $431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Sealed Air by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company’s stock worth $108,000 after buying an additional 2,413 shares during the period. JPMorgan Chase & Co. grew its holdings in Sealed Air by 90.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company’s stock worth $51,101,000 after acquiring an additional 715,668 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Sealed Air by 7.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company’s stock valued at $1,628,000 after acquiring an additional 3,664 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sealed Air in the 4th quarter valued at $16,841,000. Finally, Manning & Napier Advisors LLC boosted its position in shares of Sealed Air by 200.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 60,000 shares of the industrial products company’s stock worth $1,734,000 after purchasing an additional 40,000 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SEE. Citigroup upped their price objective on Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 11th. Truist Financial increased their price target on shares of Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 11th. UBS Group lifted their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Mizuho upped their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an “outperformer” rating in a research note on Tuesday, July 15th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Sealed Air in a research report on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $38.27.

Sealed Air Stock Down 2.2%

SEE stock opened at $29.76 on Thursday. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.26 and a quick ratio of 0.76. The stock has a market capitalization of $4.38 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.78 and a beta of 1.35. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. The business has a 50-day moving average of $31.62 and a 200-day moving average of $31.10.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. On average, sell-side analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.69%. Sealed Air’s dividend payout ratio (DPR) is presently 39.60%.

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.