International Assets Investment Management LLC Has $3.90 Million Holdings in Sealed Air Co. (NYSE:SEE)

International Assets Investment Management LLC boosted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 6,254.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,821 shares of the industrial products company’s stock after acquiring an additional 105,140 shares during the period. International Assets Investment Management LLC’s holdings in Sealed Air were worth $3,901,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in Sealed Air in the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Sealed Air in the fourth quarter valued at about $29,000. Massmutual Trust Co. FSB ADV lifted its position in shares of 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 valued at $36,000 after purchasing an additional 449 shares in the last quarter. Column Capital Advisors LLC boosted its holdings in 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 worth $35,000 after purchasing an additional 385 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Sealed Air by 80.3% in the 3rd quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company’s stock valued at $35,000 after buying an additional 476 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SEE shares. Truist Financial upgraded 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 note on Monday, April 8th. William Blair restated a “market perform” rating on shares of Sealed Air in a research note on Thursday, May 2nd. Wolfe Research initiated coverage on Sealed Air in a research note 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 increased their price target for the company from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Mizuho dropped their target price on shares of Sealed Air from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.50.

Sealed Air Stock Up 1.3 %

Sealed Air stock opened at $37.48 on Friday. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 3.86 and a beta of 1.31. The firm has a 50 day simple moving average of $34.47 and a 200 day simple moving average of $34.58. Sealed Air Co. has a 1-year low of $28.50 and a 1-year high of $47.12. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, analysts predict that Sealed Air Co. will post 2.8 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is presently 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.