DekaBank Deutsche Girozentrale Boosts Holdings in Sealed Air Co. (NYSE:SEE)

DekaBank Deutsche Girozentrale boosted its position in Sealed Air Co. (NYSE:SEE) by 272.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,560 shares of the industrial products company’s stock after buying an additional 73,573 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Sealed Air were worth $3,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Wealth Management LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth $25,000. CVA Family Office LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth $29,000. ST Germain D J Co. Inc. purchased a new stake in shares of Sealed Air during the 2nd quarter worth $33,000. Finally, Column Capital Advisors LLC boosted its position in shares of Sealed Air by 57.9% during the 3rd quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 385 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Trading Down 3.9 %

Shares of SEE stock opened at $32.20 on Friday. The firm has a 50-day moving average price of $35.45 and a 200 day moving average price of $34.28. Sealed Air Co. has a twelve month low of $28.50 and a twelve month high of $48.44. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.79 and a beta of 1.28. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 8.21.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.62 by $0.26. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. Research analysts forecast that Sealed Air Co. will post 2.85 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is 33.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SEE shares. Wells Fargo & Company upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and boosted their target price for the stock from $39.00 to $44.00 in a research report on Monday, April 8th. Wolfe Research started coverage on Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Mizuho cut their price target on Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.18.

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.