Wealth Enhancement Advisory Services LLC Buys New Position in Sealed Air Corporation $SEE

Wealth Enhancement Advisory Services LLC purchased a new position in Sealed Air Corporation (NYSE:SEE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,460 shares of the industrial products company’s stock, valued at approximately $404,000.

Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air in the 1st quarter valued at about $26,000. North Capital Inc. acquired a new position in shares of Sealed Air in the first quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sealed Air by 94.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 756 shares during the last quarter. CX Institutional acquired a new stake in Sealed Air during the 1st quarter valued at approximately $52,000. Finally, Whittier Trust Co. increased its holdings in Sealed Air by 77.7% during the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 797 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Down 1.1%

Sealed Air stock opened at $36.24 on Tuesday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. The company has a 50-day simple moving average of $32.33 and a 200-day simple moving average of $30.84. The firm has a market capitalization of $5.33 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.86 and a beta of 1.36.

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 the consensus estimate 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 quarter in the prior year, the firm earned $0.83 EPS. 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. As a group, equities analysts expect that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Sealed Air’s dividend payout ratio (DPR) is currently 40.40%.

Analysts Set New Price Targets

SEE has been the subject of several research analyst reports. Wall Street Zen upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of Sealed Air in a research note on Tuesday, July 15th. Wells Fargo & Company boosted 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. UBS Group increased their price target on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Truist Financial lifted their price target on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.27.

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.