Yousif Capital Management LLC Has $1.65 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Yousif Capital Management LLC decreased its position in shares of Sealed Air Co. (NYSE:SEE) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,190 shares of the industrial products company’s stock after selling 1,002 shares during the period. Yousif Capital Management LLC’s holdings in Sealed Air were worth $1,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Sealed Air by 17.7% during the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock valued at $620,117,000 after buying an additional 2,754,395 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after acquiring an additional 1,549,184 shares in the last quarter. Norges Bank acquired a new stake in shares of Sealed Air during the 4th quarter valued at about $50,562,000. T. Rowe Price Investment Management Inc. lifted its holdings in Sealed Air by 9.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock valued at $416,657,000 after purchasing an additional 1,081,848 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Sealed Air by 84.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company’s stock valued at $68,182,000 after purchasing an additional 920,000 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Up 1.7%

SEE stock opened at $31.39 on Tuesday. The company’s 50-day simple moving average is $29.87 and its 200 day simple moving average is $31.85. The company has a market capitalization of $4.62 billion, a PE ratio of 11.54 and a beta of 1.37. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $38.85.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.67 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. As a group, sell-side analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. Sealed Air’s dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SEE shares. Mizuho dropped their target price on shares of Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a report on Tuesday, March 4th. Raymond James reduced their target price on shares of Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 22nd. UBS Group upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday, April 7th. Finally, Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.00.

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.