Nuveen LLC Invests $8.29 Million in Sealed Air Corporation $SEE

Nuveen LLC acquired a new position in shares of Sealed Air Corporation (NYSE:SEE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 286,721 shares of the industrial products company’s stock, valued at approximately $8,286,000. Nuveen LLC owned 0.19% of Sealed Air as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Sealed Air by 2.5% during the 1st quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock worth $112,253,000 after purchasing an additional 95,361 shares during the period. Victory Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 849,485 shares during the period. Dimensional Fund Advisors LP increased 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 valued at $74,583,000 after acquiring an additional 178,592 shares during the period. Northern Trust Corp increased 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 valued at $55,561,000 after acquiring an additional 288,528 shares during the period. Finally, Maple Rock Capital Partners Inc. increased 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 valued at $55,160,000 after acquiring an additional 113,000 shares during the period. Institutional investors own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEE. Mizuho upped their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an “outperformer” rating in a research note on Tuesday, July 15th. Truist Financial raised their target price on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Raymond James Financial restated a “strong-buy” rating on shares of Sealed Air in a research report on Tuesday, July 15th. Wells Fargo & Company raised their target price on Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Finally, Citigroup raised their target price on Sealed Air from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.80.

Sealed Air Price Performance

NYSE:SEE opened at $32.7210 on Friday. The firm has a market cap of $4.81 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 2.55 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 company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The company’s 50-day moving average price is $30.95 and its two-hundred day moving average price is $30.53.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $0.83 earnings per share. Sealed Air’s quarterly revenue was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, equities analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air’s dividend payout ratio is presently 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.