Xponance Inc. Sells 20,342 Shares of Sealed Air Co. (NYSE:SEE)

Xponance Inc. reduced its position in Sealed Air Co. (NYSE:SEE) by 60.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,056 shares of the industrial products company’s stock after selling 20,342 shares during the period. Xponance Inc.’s holdings in Sealed Air were worth $477,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SEE. CWM LLC grew its holdings in shares of Sealed Air by 83.6% during the third quarter. CWM LLC now owns 4,234 shares of the industrial products company’s stock valued at $139,000 after buying an additional 1,928 shares during the last quarter. UMB Bank n.a. boosted its stake in Sealed Air by 26.1% during the 3rd quarter. UMB Bank n.a. now owns 11,252 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 2,326 shares during the last quarter. Czech National Bank boosted its stake in Sealed Air by 47.9% during the 3rd quarter. Czech National Bank now owns 25,275 shares of the industrial products company’s stock valued at $831,000 after purchasing an additional 8,183 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Sealed Air by 91.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 36,100 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 17,200 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Sealed Air by 46.1% in the third quarter. Raymond James & Associates now owns 265,811 shares of the industrial products company’s stock worth $8,735,000 after purchasing an additional 83,847 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE SEE opened at $31.74 on Friday. Sealed Air Co. has a fifty-two week low of $28.50 and a fifty-two week high of $48.44. The stock has a fifty day moving average of $34.64 and a 200-day moving average of $34.28. The company has a debt-to-equity ratio of 8.21, a quick ratio of 0.79 and a current ratio of 1.30. The stock has a market cap of $4.62 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 3.44 and a beta of 1.28.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.62 by $0.26. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Equities research analysts anticipate that Sealed Air Co. will post 2.8 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.52%. Sealed Air’s payout ratio is presently 33.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Mizuho decreased their price target on Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $43.00 in a research note on Thursday, January 11th. Wolfe Research initiated coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and boosted their price target for the stock from $39.00 to $44.00 in a report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.18.

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.