Sealed Air Corporation $SEE Stake Reduced by Blair William & Co. IL

Blair William & Co. IL cut its holdings in Sealed Air Corporation (NYSE:SEE) by 8.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 15,414 shares of the industrial products company’s stock after selling 1,408 shares during the quarter. Blair William & Co. IL’s holdings in Sealed Air were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Maryland State Retirement & Pension System raised its position in Sealed Air by 1.6% in the second quarter. Maryland State Retirement & Pension System now owns 50,016 shares of the industrial products company’s stock worth $1,552,000 after acquiring an additional 775 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in Sealed Air by 7.4% in the second quarter. KLP Kapitalforvaltning AS now owns 30,500 shares of the industrial products company’s stock worth $946,000 after acquiring an additional 2,100 shares in the last quarter. Sendero Wealth Management LLC raised its position in Sealed Air by 63.3% in the second quarter. Sendero Wealth Management LLC now owns 13,411 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 5,196 shares in the last quarter. Hilltop National Bank bought a new stake in Sealed Air in the second quarter worth about $82,000. Finally, J. Safra Sarasin Holding AG purchased a new position in Sealed Air in the 2nd quarter worth about $208,000. 94.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SEE shares. JPMorgan Chase & Co. raised Sealed Air from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $33.00 to $36.00 in a research note on Tuesday, September 9th. Wells Fargo & Company lifted their price target on Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sealed Air in a research note on Wednesday, October 8th. UBS Group lifted their price target on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada set a $48.00 price target on Sealed Air and gave the stock an “outperform” rating in a research note 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.com, Sealed Air presently has an average rating of “Moderate Buy” and an average price target of $41.09.

Sealed Air Trading Up 1.0%

Shares of NYSE SEE opened at $34.49 on Friday. The business has a 50 day simple moving average of $33.23 and a 200 day simple moving average of $31.14. Sealed Air Corporation has a 52 week low of $22.78 and a 52 week high of $38.85. 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 cap of $5.07 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.43 and a beta of 1.36.

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

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, December 5th. Sealed Air’s dividend payout ratio is 40.40%.

About Sealed Air

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.