Park Avenue Securities LLC Purchases 566 Shares of Sealed Air Corporation $SEE

Park Avenue Securities LLC increased its position in shares of Sealed Air Corporation (NYSE:SEE) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,207 shares of the industrial products company’s stock after purchasing an additional 566 shares during the period. Park Avenue Securities LLC’s holdings in Sealed Air were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Alberta Investment Management Corp bought a new stake in Sealed Air in the 1st quarter valued at $46,127,000. Victory Capital Management Inc. increased its holdings in 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 acquiring an additional 849,485 shares during the last quarter. Woodline Partners LP bought a new stake in Sealed Air in the 1st quarter valued at $17,711,000. Wellington Management Group LLP increased its holdings in Sealed Air by 168.3% in the 4th quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company’s stock valued at $15,791,000 after acquiring an additional 292,826 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Sealed Air in the 1st quarter valued at $8,286,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Price Performance

SEE stock opened at $35.03 on Tuesday. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. 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 50-day moving average price of $31.85 and a 200 day moving average price of $30.62. The stock has a market cap of $5.15 billion, a PE ratio of 17.69, a P/E/G ratio of 2.68 and a beta of 1.33.

Sealed Air (NYSE:SEE) last released its quarterly 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. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Equities research analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Sealed Air’s payout ratio is currently 40.40%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a 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 report on Tuesday, July 15th. JPMorgan Chase & Co. upgraded shares of Sealed Air from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. Finally, Truist Financial lifted their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.73.

Sealed Air Company 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.