Impax Asset Management Group plc Purchases 106,627 Shares of Sealed Air Corporation $SEE

Impax Asset Management Group plc boosted its position in shares of Sealed Air Corporation (NYSE:SEE) by 18.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 680,824 shares of the industrial products company’s stock after buying an additional 106,627 shares during the period. Impax Asset Management Group plc’s holdings in Sealed Air were worth $21,126,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Sealed Air by 9.4% in the 1st quarter. Russell Investments Group Ltd. now owns 105,651 shares of the industrial products company’s stock worth $3,053,000 after acquiring an additional 9,052 shares in the last quarter. T. Rowe Price Investment Management Inc. raised 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 purchasing an additional 228,937 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Sealed Air by 43.1% in the first quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company’s stock worth $15,009,000 after purchasing an additional 156,309 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Sealed Air by 137.4% in the first quarter. Mackenzie Financial Corp now owns 16,207 shares of the industrial products company’s stock valued at $468,000 after buying an additional 9,379 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Sealed Air in the first quarter valued at $308,000. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $36.41 on Thursday. The firm has a fifty day moving average of $34.58 and a two-hundred day moving average of $32.34. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 18.39, 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 $37.92.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data 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. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, equities research analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.2%. Sealed Air’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial reissued a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Sealed Air in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sealed Air in a research note on Wednesday, October 8th. Citigroup boosted their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley upped their price objective on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.64.

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.