Mutual of America Capital Management LLC Has $1.32 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Mutual of America Capital Management LLC grew its holdings in Sealed Air Co. (NYSE:SEEGet Rating) by 1.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 19,773 shares of the industrial products company’s stock after acquiring an additional 208 shares during the period. Mutual of America Capital Management LLC’s holdings in Sealed Air were worth $1,324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SEE. National Bank of Canada FI acquired a new position in shares of Sealed Air in the 4th quarter valued at $51,000. NN Investment Partners Holdings N.V. raised its stake in shares of Sealed Air by 637.5% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 4,425 shares of the industrial products company’s stock valued at $298,000 after buying an additional 3,825 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Sealed Air by 87.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 39,791 shares of the industrial products company’s stock valued at $2,685,000 after buying an additional 18,510 shares in the last quarter. National Asset Management Inc. raised its stake in shares of Sealed Air by 10.5% in the 4th quarter. National Asset Management Inc. now owns 5,192 shares of the industrial products company’s stock valued at $351,000 after buying an additional 493 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Sealed Air in the 4th quarter valued at $11,327,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Sealed Air Stock Up 0.4 %

Shares of NYSE SEE opened at $61.12 on Friday. The firm has a market capitalization of $8.93 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The firm’s 50-day moving average is $59.34 and its 200-day moving average is $63.83. The company has a current ratio of 1.31, a quick ratio of 0.74 and a debt-to-equity ratio of 19.38. Sealed Air Co. has a 1 year low of $54.51 and a 1 year high of $70.72.

Sealed Air (NYSE:SEEGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.20. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Sealed Air had a net margin of 9.60% and a return on equity of 355.49%. Sealed Air’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Equities analysts expect that Sealed Air Co. will post 4.13 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. Sealed Air’s dividend payout ratio is 22.10%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SEE shares. Bank of America lowered shares of Sealed Air from a “buy” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Thursday, July 7th. Wells Fargo & Company lowered their target price on shares of Sealed Air from $71.00 to $62.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Credit Suisse Group lowered shares of Sealed Air from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $64.00 in a report on Wednesday, July 20th. Citigroup lowered their target price on shares of Sealed Air from $81.00 to $80.00 in a report on Friday, April 8th. Finally, JPMorgan Chase & Co. lowered shares of Sealed Air from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $71.00 to $62.00 in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.33.

Sealed Air Profile

(Get Rating)

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 through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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