Versor Investments LP Has $272,000 Stock Holdings in Sealed Air Co. (NYSE:SEE)

Versor Investments LP cut its position in shares of Sealed Air Co. (NYSE:SEE) by 36.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the industrial products company’s stock after selling 4,300 shares during the period. Versor Investments LP’s holdings in Sealed Air were worth $272,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SEE. Swedbank AB acquired a new position in shares of Sealed Air during the 3rd quarter worth about $53,681,000. Millennium Management LLC grew its stake in Sealed Air by 38.2% in the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after buying an additional 1,136,985 shares during the last quarter. Appian Way Asset Management LP acquired a new position in Sealed Air in the 1st quarter valued at about $29,877,000. Vanguard Group Inc. grew its stake in Sealed Air by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after buying an additional 600,146 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Sealed Air by 33.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after buying an additional 479,675 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on SEE shares. Morgan Stanley started coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price target on the stock. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Thursday, October 17th. Truist Financial decreased their price target on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Wells Fargo & Company upped their price target on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $35.86 on Friday. The company has a 50 day moving average of $35.48 and a 200-day moving average of $35.82. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The company has a market cap of $5.22 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 4.93 and a beta of 1.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Sealed Air Co. will post 3.07 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

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.