Campbell & CO Investment Adviser LLC Decreases Stock Position in Sealed Air Corporation $SEE

Campbell & CO Investment Adviser LLC cut its holdings in Sealed Air Corporation (NYSE:SEE) by 27.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 27,560 shares of the industrial products company’s stock after selling 10,655 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Sealed Air were worth $855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Burney Co. lifted its holdings in shares of Sealed Air by 4.1% during the first quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 481 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Sealed Air by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock worth $1,405,000 after buying an additional 482 shares during the last quarter. Empowered Funds LLC lifted its stake in Sealed Air by 4.1% during the 1st 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 period. Park Avenue Securities LLC boosted its holdings in shares of Sealed Air by 3.6% during the 2nd 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 stake in shares of Sealed Air by 7.2% in the first quarter. Xponance Inc. now owns 8,549 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 577 shares during the period. Institutional investors own 94.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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 report on Monday, October 6th. Truist Financial reiterated a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Sealed Air in a research note on Wednesday, November 5th. Citigroup increased their price target on Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 29th. Morgan Stanley raised their price target on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Sealed Air in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and an average price target of $42.64.

Sealed Air Trading Up 16.8%

Shares of Sealed Air stock opened at $42.51 on Friday. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $44.27. The company’s fifty day simple moving average is $34.79 and its 200-day simple moving average is $32.42. 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 stock has a market capitalization of $6.25 billion, a PE ratio of 21.47, a P/E/G ratio of 2.40 and a beta of 1.38.

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

Sealed Air Announces Dividend

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

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.