Sealed Air Co. (NYSE:SEE) Shares Acquired by Isthmus Partners LLC

Isthmus Partners LLC lifted its position in shares of Sealed Air Co. (NYSE:SEE) by 4.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,395 shares of the industrial products company’s stock after purchasing an additional 322 shares during the period. Isthmus Partners LLC’s holdings in Sealed Air were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sealed Air by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock valued at $553,809,000 after buying an additional 92,114 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Sealed Air by 2,549.6% during the 4th quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock worth $195,720,000 after buying an additional 5,138,700 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Sealed Air during the 4th quarter worth $86,410,000. Norges Bank acquired a new stake in Sealed Air in the 4th quarter valued at $52,968,000. Finally, Dimensional Fund Advisors LP increased its holdings in Sealed Air by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,129 shares of the industrial products company’s stock valued at $49,310,000 after purchasing an additional 138,197 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Price Performance

Sealed Air stock traded up $1.21 during mid-day trading on Tuesday, hitting $36.81. The company’s stock had a trading volume of 895,596 shares, compared to its average volume of 1,515,773. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 7.49. The stock has a market capitalization of $5.36 billion, a P/E ratio of 14.29, a P/E/G ratio of 4.38 and a beta of 1.35. Sealed Air Co. has a twelve month low of $28.50 and a twelve month high of $47.12. The stock’s fifty day moving average price is $36.93 and its two-hundred day moving average price is $35.72.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.25. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts forecast that Sealed Air Co. will post 2.86 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.80 annualized dividend and a yield of 2.17%. Sealed Air’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Ratings Changes

A number of research firms have weighed in on SEE. Mizuho raised shares of Sealed Air from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. Stifel Nicolaus started coverage on shares of Sealed Air in a research report on Tuesday, July 9th. They set a “buy” rating and a $47.00 price target on the stock. Citigroup reduced their price target on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Truist Financial reaffirmed a “buy” rating and set a $44.00 price target on shares of Sealed Air in a research report on Monday, June 17th. Finally, William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.56.

Sealed Air Company 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.