GAMMA Investing LLC Buys 2,413 Shares of Sealed Air Corporation (NYSE:SEE)

GAMMA Investing LLC raised its stake in shares of Sealed Air Corporation (NYSE:SEE) by 182.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,736 shares of the industrial products company’s stock after acquiring an additional 2,413 shares during the quarter. GAMMA Investing LLC’s holdings in Sealed Air were worth $108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. lifted its holdings in shares of Sealed Air by 36.6% during the first quarter. UMB Bank n.a. now owns 11,586 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 3,102 shares during the period. Kwmg LLC lifted its holdings in shares of Sealed Air by 3.8% during the first quarter. Kwmg LLC now owns 141,721 shares of the industrial products company’s stock valued at $4,096,000 after acquiring an additional 5,184 shares during the period. Investors Research Corp bought a new position in shares of Sealed Air during the first quarter valued at $1,097,000. Versant Capital Management Inc increased its stake in shares of Sealed Air by 1,513.1% in the first quarter. Versant Capital Management Inc now owns 4,065 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,813 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Sealed Air by 168.3% in the fourth quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company’s stock valued at $15,791,000 after buying an additional 292,826 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Price Performance

Sealed Air stock opened at $32.55 on Monday. The firm has a market capitalization of $4.79 billion, a P/E ratio of 16.11, a PEG ratio of 2.96 and a beta of 1.35. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $38.85. The business has a 50-day moving average of $31.21 and a 200-day moving average of $31.38. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. On average, equities analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, June 13th. Sealed Air’s dividend payout ratio (DPR) is presently 39.60%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SEE shares. Wall Street Zen upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Mizuho lowered their target price on Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. UBS Group upgraded Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Monday, April 7th. Raymond James Financial lowered their target price on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial lowered their target price on Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Sealed Air 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.