HighTower Advisors LLC Sells 4,406 Shares of Sealed Air Corporation $SEE

HighTower Advisors LLC lessened its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 34.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,419 shares of the industrial products company’s stock after selling 4,406 shares during the period. HighTower Advisors LLC’s holdings in Sealed Air were worth $243,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. grew its holdings in shares of Sealed Air by 2.5% in the 1st quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock valued at $112,253,000 after buying an additional 95,361 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Sealed Air by 42.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company’s stock valued at $82,796,000 after purchasing an additional 849,485 shares during the period. Northern Trust Corp raised its holdings in shares of Sealed Air by 21.3% in the 4th 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. Alberta Investment Management Corp acquired a new position in Sealed Air in the 1st quarter valued at about $46,127,000. Finally, TD Asset Management Inc grew its stake in Sealed Air by 3.7% in the 1st quarter. TD Asset Management Inc now owns 822,000 shares of the industrial products company’s stock valued at $23,756,000 after buying an additional 29,600 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Price Performance

SEE stock opened at $32.31 on Thursday. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. The stock has a market cap of $4.75 billion, a PE ratio of 16.32, a P/E/G ratio of 2.53 and a beta of 1.33. The firm has a 50 day simple moving average of $31.18 and a two-hundred day simple moving average of $30.46. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s 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, analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared 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 of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.5%. Sealed Air’s dividend payout ratio is presently 40.40%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Truist Financial raised their price target on shares of Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Mizuho lifted their price target 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. Finally, Citigroup boosted their target price on shares of 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.