Sealed Air (NYSE:SEE) Stock Price Up 5.6%


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Sealed Air Co. (NYSE:SEE) rose 5.6% on Tuesday . The company traded as high as $52.97 and last traded at $52.94. Approximately 4,900 shares changed hands during trading, a decline of 100% from the average daily volume of 1,206,462 shares. The stock had previously closed at $50.15.

SEE has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on Sealed Air from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 10th. Seaport Global Securities downgraded Sealed Air from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 16th. Smith Barney Citigroup upgraded Sealed Air from a “neutral” rating to a “buy” rating in a report on Thursday, January 7th. UBS Group restated an “in-line” rating on shares of Sealed Air in a report on Friday, April 16th. Finally, The Goldman Sachs Group started coverage on Sealed Air in a report on Thursday, April 15th. They set a “buy” rating and a $54.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sealed Air presently has an average rating of “Hold” and a consensus price target of $46.75.

The firm’s fifty day moving average price is $46.92 and its 200-day moving average price is $44.77. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.76 and a beta of 1.22. The company has a debt-to-equity ratio of 151.43, a current ratio of 1.27 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Monday, February 8th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Sealed Air had a net margin of 9.57% and a negative return on equity of 453.43%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. On average, research analysts predict that Sealed Air Co. will post 3.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Friday, March 5th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. Sealed Air’s payout ratio is 22.70%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its holdings in Sealed Air by 28.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 76,368 shares of the industrial products company’s stock valued at $3,497,000 after purchasing an additional 17,104 shares during the period. Teacher Retirement System of Texas boosted its position in Sealed Air by 377.6% during the fourth quarter. Teacher Retirement System of Texas now owns 42,185 shares of the industrial products company’s stock valued at $1,932,000 after acquiring an additional 33,352 shares during the last quarter. Atalanta Sosnoff Capital LLC boosted its position in Sealed Air by 1.0% during the first quarter. Atalanta Sosnoff Capital LLC now owns 337,626 shares of the industrial products company’s stock valued at $15,470,000 after acquiring an additional 3,239 shares during the last quarter. Private Capital Group LLC boosted its position in Sealed Air by 16.9% during the fourth quarter. Private Capital Group LLC now owns 1,994 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 288 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Sealed Air by 6.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 500,648 shares of the industrial products company’s stock valued at $22,925,000 after acquiring an additional 29,065 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

About Sealed Air (NYSE:SEE)

Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, automate processes, and optimize total cost for perishable food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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