Sealed Air Co. (NYSE:SEE) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its holdings in shares of Sealed Air Co. (NYSE:SEE) by 46.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,534 shares of the industrial products company’s stock after purchasing an additional 6,151 shares during the quarter. Ieq Capital LLC’s holdings in Sealed Air were worth $661,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP increased its holdings in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the period. Choreo LLC increased its holdings in Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 351 shares in the last quarter. Truist Financial Corp lifted its stake in Sealed Air by 3.3% in the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock valued at $399,000 after buying an additional 377 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sealed Air by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 380 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 466 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SEE has been the topic of a number of recent analyst reports. Citigroup reduced their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Truist Financial raised their target price on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Bank of America cut their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Up 5.8 %

Shares of NYSE:SEE opened at $33.99 on Wednesday. The firm has a 50 day simple moving average of $34.14 and a 200 day simple moving average of $34.90. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The company has a market cap of $4.95 billion, a PE ratio of 12.50 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. Sealed Air’s quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, March 14th. Sealed Air’s dividend payout ratio is currently 29.41%.

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.