Blair William & Co. IL Acquires 8,026 Shares of Sealed Air Corporation (NYSE:SEE)

Blair William & Co. IL lifted its holdings in Sealed Air Corporation (NYSE:SEE) by 91.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,822 shares of the industrial products company’s stock after purchasing an additional 8,026 shares during the period. Blair William & Co. IL’s holdings in Sealed Air were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after purchasing an additional 1,081,848 shares during the period. Victory Capital Management Inc. raised its stake in Sealed Air by 42.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company’s stock worth $82,796,000 after acquiring an additional 849,485 shares during the period. Dimensional Fund Advisors LP raised its stake in Sealed Air by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock worth $74,583,000 after acquiring an additional 178,592 shares during the period. Northern Trust Corp raised its stake in Sealed Air by 21.3% during the 4th quarter. Northern Trust Corp now owns 1,642,371 shares of the industrial products company’s stock worth $55,561,000 after acquiring an additional 288,528 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its stake in Sealed Air by 7.4% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,630,493 shares of the industrial products company’s stock worth $55,160,000 after acquiring an additional 113,000 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Down 1.0%

SEE stock opened at $29.04 on Tuesday. The firm has a fifty day moving average price of $31.15 and a 200 day moving average price of $30.74. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market cap of $4.27 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.17. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.83 earnings per share. Sealed Air’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. Sealed Air’s dividend payout ratio (DPR) is 40.40%.

Wall Street Analyst Weigh In

A number of research firms have commented on SEE. Raymond James Financial restated a “strong-buy” rating on shares of Sealed Air in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup raised their target price on shares of Sealed Air from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wells Fargo & Company raised their target price on shares of Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, UBS Group raised their target price on shares of Sealed Air from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.27.

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.