Amundi Sells 14,708 Shares of Sealed Air Corporation $SEE

Amundi decreased its position in shares of Sealed Air Corporation (NYSE:SEE) by 19.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,771 shares of the industrial products company’s stock after selling 14,708 shares during the period. Amundi’s holdings in Sealed Air were worth $1,673,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Sealed Air during the fourth quarter valued at about $737,000. Deutsche Bank AG grew its stake in Sealed Air by 1.2% in the fourth quarter. Deutsche Bank AG now owns 84,181 shares of the industrial products company’s stock valued at $2,848,000 after acquiring an additional 1,034 shares during the period. Focus Partners Wealth grew its stake in Sealed Air by 18.6% in the fourth quarter. Focus Partners Wealth now owns 24,669 shares of the industrial products company’s stock valued at $835,000 after acquiring an additional 3,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air during the fourth quarter valued at approximately $27,000. Finally, Man Group plc boosted its position in shares of Sealed Air by 0.8% during the fourth quarter. Man Group plc now owns 342,495 shares of the industrial products company’s stock valued at $11,587,000 after buying an additional 2,763 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SEE shares. Truist Financial boosted their target price on Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Citigroup increased their price objective on Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, July 11th. UBS Group increased their price objective on Sealed Air from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.55.

Sealed Air Stock Performance

NYSE SEE opened at $33.96 on Friday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. 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 business has a 50-day moving average price of $31.35 and a 200-day moving average price of $30.46. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.17. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, equities research analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Sealed Air’s dividend payout ratio (DPR) is currently 40.40%.

Sealed Air 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.