Peregrine Capital Management LLC Increases Stake in Sealed Air Corporation $SEE

Peregrine Capital Management LLC increased its holdings in Sealed Air Corporation (NYSE:SEE) by 6.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,924 shares of the industrial products company’s stock after purchasing an additional 10,221 shares during the period. Peregrine Capital Management LLC owned approximately 0.12% of Sealed Air worth $5,459,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the 1st quarter valued at $26,000. North Capital Inc. purchased a new stake in Sealed Air during the 1st quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sealed Air by 94.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after buying an additional 756 shares during the period. Whittier Trust Co. boosted its position in Sealed Air by 77.7% during the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company’s stock valued at $53,000 after buying an additional 797 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Sealed Air during the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Up 0.0%

NYSE:SEE opened at $34.86 on Tuesday. The company has a 50-day moving average price of $33.77 and a 200-day moving average price of $31.59. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.48 and a beta of 1.36.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.72 by $0.17. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Equities analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, December 5th. Sealed Air’s dividend payout ratio (DPR) is presently 40.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Mizuho boosted their price target on Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Royal Bank Of Canada set a $48.00 price target on Sealed Air and gave the company an “outperform” rating in a report on Wednesday, October 8th. UBS Group boosted their price target on Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sealed Air in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.09.

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.