Sealed Air Co. (NYSE:SEE) Stake Raised by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in shares of Sealed Air Co. (NYSE:SEE) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 7,824 shares of the industrial products company’s stock after buying an additional 342 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sealed Air were worth $286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth about $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Sealed Air during the 4th quarter worth about $29,000. Column Capital Advisors LLC raised its stake 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. Signaturefd LLC raised its stake in shares of Sealed Air by 80.3% during the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 476 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Sealed Air by 81.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 449 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

SEE opened at $31.66 on Tuesday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.64 and a beta of 1.28. The stock’s 50 day moving average price is $35.00 and its two-hundred day moving average price is $34.29. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 8.21. Sealed Air Co. has a 12-month low of $28.50 and a 12-month 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 EPS for the quarter, topping 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 company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.99 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Sealed Air Co. will post 2.83 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. Sealed Air’s dividend payout ratio is currently 33.90%.

Analyst Upgrades and Downgrades

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

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.