Cetera Investment Advisers Purchases 1,568 Shares of Sealed Air Corporation $SEE

Cetera Investment Advisers boosted its position in Sealed Air Corporation (NYSE:SEE) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,659 shares of the industrial products company’s stock after purchasing an additional 1,568 shares during the period. Cetera Investment Advisers’ holdings in Sealed Air were worth $453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SEE. T. Rowe Price Investment Management Inc. boosted its position in 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 worth $416,657,000 after purchasing an additional 1,081,848 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 purchasing an additional 849,485 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Sealed Air in the fourth quarter worth about $16,841,000. Wellington Management Group LLP boosted its position in 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 worth $15,791,000 after purchasing an additional 292,826 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Sealed Air by 21.3% during the fourth quarter. Northern Trust Corp now owns 1,642,371 shares of the industrial products company’s stock valued at $55,561,000 after purchasing an additional 288,528 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Price Performance

NYSE:SEE opened at $31.51 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The company has a market capitalization of $4.63 billion, a P/E ratio of 15.91, a P/E/G ratio of 2.47 and a beta of 1.33. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The business’s 50-day moving average is $31.01 and its 200 day moving average is $30.61.

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

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. Sealed Air’s dividend payout ratio is 40.40%.

Analyst Ratings Changes

SEE has been the subject of several recent research reports. Truist Financial boosted their price target on Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 11th. Mizuho boosted their price target on Sealed Air from $34.00 to $37.00 and gave the company an “outperformer” rating in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on Sealed Air from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Raymond James Financial reissued a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. Finally, Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two investment 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 stock. According to data from MarketBeat, Sealed Air presently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

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.