Envestnet Asset Management Inc. Grows Stock Holdings in Sealed Air Co. (NYSE:SEE)

Envestnet Asset Management Inc. raised its stake in Sealed Air Co. (NYSE:SEE – Get Rating) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 330,367 shares of the industrial products company’s stock after acquiring an additional 33,968 shares during the period. Envestnet Asset Management Inc. owned approximately 0.23% of Sealed Air worth $16,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Whittier Trust Co. increased its holdings in shares of Sealed Air by 54.2% in the 4th quarter. Whittier Trust Co. now owns 666 shares of the industrial products company’s stock worth $33,000 after buying an additional 234 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in Sealed Air by 334.1% in the first quarter. Zions Bancorporation N.A. now owns 981 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 755 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Sealed Air in the third quarter valued at approximately $45,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sealed Air in the fourth quarter valued at approximately $52,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Sealed Air in the fourth quarter worth $57,000. 89.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SEE shares. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Saturday, April 8th. UBS Group upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, April 5th. Royal Bank of Canada dropped their target price on shares of Sealed Air from $58.00 to $54.00 in a research report on Thursday, May 4th. Wells Fargo & Company lifted their target price on shares of Sealed Air from $43.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, January 9th. Finally, Mizuho dropped their target price on shares of Sealed Air from $58.00 to $56.00 in a research report on Wednesday, May 3rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Sealed Air presently has an average rating of “Hold” and a consensus price target of $57.36.

Sealed Air Trading Up 2.3 %

NYSE SEE opened at $43.51 on Tuesday. Sealed Air Co. has a one year low of $41.15 and a one year high of $66.00. The company’s 50 day moving average price is $45.82 and its 200 day moving average price is $49.04. The company has a debt-to-equity ratio of 13.39, a quick ratio of 0.64 and a current ratio of 1.19. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 4.98 and a beta of 1.23.

Sealed Air (NYSE:SEE – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). Sealed Air had a net margin of 7.25% and a return on equity of 196.19%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $1.12 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Sealed Air Co. will post 3.59 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, March 9th. Sealed Air’s dividend payout ratio (DPR) is 28.88%.

Sealed Air Profile

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.