Sequoia Financial Advisors LLC Raises Stock Holdings in Sealed Air Co. (NYSE:SEE)

Sequoia Financial Advisors LLC raised its position in shares of Sealed Air Co. (NYSE:SEE) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,167 shares of the industrial products company’s stock after buying an additional 894 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sealed Air were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new stake in shares of Sealed Air in the fourth quarter worth about $25,000. CVA Family Office LLC bought a new stake in shares of Sealed Air in the 4th quarter worth approximately $27,000. Bruce G. Allen Investments LLC purchased a new position in shares of Sealed Air during the fourth quarter valued at approximately $29,000. Column Capital Advisors LLC increased its stake in shares of Sealed Air by 57.9% during the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock valued at $35,000 after buying an additional 385 shares during the period. Finally, Signaturefd LLC lifted its stake in Sealed Air by 80.3% in the third quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 476 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE opened at $31.13 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 8.21. The stock has a market cap of $4.53 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.63 and a beta of 1.28. The business’s 50 day moving average price is $35.25 and its 200-day moving average price is $34.28. Sealed Air Co. has a 52 week low of $28.50 and a 52 week high of $48.44.

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

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is 33.90%.

Wall Street Analysts Forecast Growth

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