Advisory Services Network LLC Acquires 1,534 Shares of Sealed Air Co. (NYSE:SEE)

Advisory Services Network LLC grew its holdings in shares of Sealed Air Co. (NYSE:SEEFree Report) by 21.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,691 shares of the industrial products company’s stock after acquiring an additional 1,534 shares during the period. Advisory Services Network LLC’s holdings in Sealed Air were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. CVA Family Office LLC acquired a new position in Sealed Air during the 4th quarter worth about $27,000. Bruce G. Allen Investments LLC bought a new position in Sealed Air during the 4th quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Sealed Air by 81.9% in the 4th 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 during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Sealed Air in the 3rd quarter valued at $42,000. Finally, Signaturefd LLC increased its position in shares of Sealed Air by 43.2% during the fourth quarter. Signaturefd LLC now owns 1,531 shares of the industrial products company’s stock worth $56,000 after buying an additional 462 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE SEE opened at $39.56 on Tuesday. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33. The firm’s 50-day simple moving average is $35.22 and its 200 day simple moving average is $35.34. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 3.49 and a beta of 1.35. Sealed Air Co. has a fifty-two week low of $28.50 and a fifty-two week high of $47.12.

Sealed Air (NYSE:SEEGet Free Report) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.25. The company 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%. Sealed Air’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. As a group, research analysts anticipate that Sealed Air Co. will post 2.89 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. Sealed Air’s dividend payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

SEE has been the topic of a number of research analyst reports. Wolfe Research started coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho decreased their target price on Sealed Air from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and boosted their price target for the company from $39.00 to $44.00 in a research note on Monday, April 8th. Finally, William Blair restated a “market perform” rating on shares of Sealed Air in a report on Thursday, May 2nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Check Out Our Latest Analysis on Sealed Air

About Sealed Air

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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