Treasurer of the State of North Carolina Purchases 620 Shares of Sealed Air Co. (NYSE:SEE)

Treasurer of the State of North Carolina raised its position in Sealed Air Co. (NYSE:SEEFree Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,763 shares of the industrial products company’s stock after acquiring an additional 620 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Sealed Air were worth $2,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in Sealed Air by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,824 shares of the industrial products company’s stock valued at $286,000 after buying an additional 342 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Sealed Air by 3.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,273 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 389 shares during the period. Acuitas Investments LLC lifted its position in Sealed Air by 30.8% during the fourth quarter. Acuitas Investments LLC now owns 1,700 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 400 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Sealed Air by 3.0% during the fourth quarter. Raymond James Trust N.A. now owns 13,769 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 407 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in Sealed Air by 81.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after buying an additional 449 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $39.65 on Friday. 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 Co. has a 12 month low of $28.50 and a 12 month high of $47.12. The stock has a 50 day moving average of $35.41 and a 200 day moving average of $35.44. The firm has a market cap of $5.77 billion, a PE ratio of 15.92, a PEG ratio of 3.56 and a beta of 1.35.

Sealed Air (NYSE:SEEGet Free Report) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. Sealed Air’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. On average, research analysts expect that Sealed Air Co. will post 2.89 EPS for the current fiscal year.

Sealed Air Announces Dividend

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

Analysts Set New Price Targets

SEE has been the topic of a number of analyst reports. William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Mizuho raised shares of Sealed Air from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $50.00 in a research note on Thursday. Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and lifted their target price for the company from $39.00 to $44.00 in a research note on Monday, April 8th. Finally, Wolfe Research initiated coverage on shares of Sealed Air in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.90.

Check Out Our Latest Research Report on Sealed Air

Sealed Air Company Profile

(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.

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

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