Sealed Air Co. (NYSE:SEE) Shares Bought by MQS Management LLC

MQS Management LLC lifted its position in shares of Sealed Air Co. (NYSE:SEE) by 20.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,815 shares of the industrial products company’s stock after acquiring an additional 3,032 shares during the period. MQS Management LLC’s holdings in Sealed Air were worth $647,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SEE. Everence Capital Management Inc. increased its holdings in shares of Sealed Air by 2.8% during the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 380 shares during the period. United Services Automobile Association raised its stake in shares of Sealed Air by 3.5% during the 2nd quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock worth $401,000 after purchasing an additional 393 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of Sealed Air by 1.3% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 467 shares during the last quarter. Sendero Wealth Management LLC increased its holdings in shares of Sealed Air by 7.2% during the 3rd quarter. Sendero Wealth Management LLC now owns 8,215 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 550 shares during the last quarter. Finally, MADDEN SECURITIES Corp lifted its stake in shares of Sealed Air by 9.1% in the second quarter. MADDEN SECURITIES Corp now owns 7,210 shares of the industrial products company’s stock worth $251,000 after buying an additional 600 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Stock Down 0.8 %

Shares of NYSE:SEE opened at $35.60 on Wednesday. The company has a market capitalization of $5.19 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 4.96 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14. The business has a fifty day moving average price of $35.38 and a two-hundred day moving average price of $35.79.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that Sealed Air Co. will post 3.06 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. Sealed Air’s dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

SEE has been the topic of a number of recent research reports. Truist Financial decreased their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. UBS Group lowered their price objective on shares of Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Jefferies Financial Group cut shares of Sealed Air from a “buy” rating to a “hold” rating and dropped their target price for the company from $47.00 to $35.00 in a research report on Friday, August 9th. Finally, Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and an average target price of $41.00.

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.