Janney Montgomery Scott LLC Sells 1,991 Shares of Sealed Air Corporation $SEE

Janney Montgomery Scott LLC lessened its holdings in Sealed Air Corporation (NYSE:SEE) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,879 shares of the industrial products company’s stock after selling 1,991 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sealed Air were worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new position in Sealed Air during the first quarter valued at approximately $46,127,000. Victory Capital Management Inc. boosted its position in Sealed Air by 42.1% during the first 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 last quarter. Woodline Partners LP acquired a new position in Sealed Air during the first quarter valued at approximately $17,711,000. Nuveen LLC bought a new stake in shares of Sealed Air during the 1st quarter worth approximately $8,286,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Sealed Air by 1.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company’s stock worth $362,555,000 after purchasing an additional 228,937 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEE. Citigroup boosted their target price on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Royal Bank Of Canada set a $48.00 price objective on shares of Sealed Air and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sealed Air in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of Sealed Air from a “neutral” rating to an “overweight” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $40.09.

Sealed Air Price Performance

Sealed Air stock opened at $34.15 on Friday. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The stock’s 50 day moving average is $33.12 and its 200-day moving average is $31.10. 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 market capitalization of $5.02 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 2.45 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, beating the consensus estimate of $0.72 by $0.17. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Equities research analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Sealed Air’s dividend payout ratio (DPR) is currently 40.40%.

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.