Sealed Air Corporation (NYSE:SEE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in Sealed Air Corporation (NYSE:SEE) by 0.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,300,624 shares of the industrial products company’s stock after selling 29,757 shares during the period. Vanguard Group Inc. owned approximately 12.46% of Sealed Air worth $528,888,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of Sealed Air by 9.6% in the fourth 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 in the last quarter. Victory Capital Management Inc. lifted its stake in Sealed Air by 42.1% in the first 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 last quarter. Dimensional Fund Advisors LP lifted its stake in Sealed Air by 8.8% in the fourth 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 last quarter. Northern Trust Corp lifted its stake in Sealed Air by 21.3% in the fourth 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 last quarter. Finally, Maple Rock Capital Partners Inc. lifted its stake in Sealed Air by 7.4% in the fourth 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 last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target 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. Raymond James Financial reiterated a “strong-buy” rating on shares of Sealed Air in a research note on Tuesday, July 15th. Mizuho lifted their price target on shares of Sealed Air from $34.00 to $37.00 and gave the stock an “outperformer” rating in a research note on Tuesday, July 15th. Citigroup lifted their price target 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. Finally, Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a hold rating, six have given 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 target price of $38.27.

Sealed Air Stock Down 1.7%

Shares of NYSE:SEE opened at $29.88 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of 15.09, a P/E/G ratio of 2.38 and a beta of 1.33. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The firm has a 50 day simple moving average of $31.03 and a 200-day simple moving average of $30.70.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.17. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, equities analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.7%. Sealed Air’s dividend payout ratio is 40.40%.

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.