Kestra Private Wealth Services LLC Decreases Stake in Sealed Air Co. (NYSE:SEE)

Kestra Private Wealth Services LLC reduced its position in Sealed Air Co. (NYSE:SEE) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,430 shares of the industrial products company’s stock after selling 878 shares during the period. Kestra Private Wealth Services LLC’s holdings in Sealed Air were worth $417,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of Sealed Air in the fourth quarter worth about $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Sealed Air in the fourth quarter worth about $29,000. Column Capital Advisors LLC lifted its position in shares of Sealed Air by 57.9% in the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after buying an additional 385 shares in the last quarter. Signaturefd LLC increased its stake in Sealed Air by 80.3% during 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 last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 449 shares during the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SEE shares. Wells Fargo & Company raised Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $35.00 to $43.00 in a research note on Thursday, January 11th. Mizuho reduced their price objective on Sealed Air from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday. Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $39.00 to $44.00 in a research note on Monday, April 8th. Finally, Wolfe Research started coverage on Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Sealed Air presently has an average rating of “Hold” and an average target price of $43.91.

Sealed Air Trading Up 1.8 %

SEE opened at $35.79 on Tuesday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 3.86 and a beta of 1.31. The stock’s 50 day moving average price is $34.33 and its 200-day moving average price is $34.49. Sealed Air Co. has a one year low of $28.50 and a one year high of $47.12. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Sealed Air’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Sealed Air Co. will post 2.8 EPS for the current 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 paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.24%. Sealed Air’s dividend payout ratio (DPR) is currently 32.13%.

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.