Sealed Air Corporation $SEE Stake Lessened by US Bancorp DE

US Bancorp DE lessened its stake in Sealed Air Corporation (NYSE:SEE) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,952 shares of the industrial products company’s stock after selling 4,112 shares during the period. US Bancorp DE’s holdings in Sealed Air were worth $1,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SEE. Burney Co. lifted its holdings in Sealed Air by 4.1% in the first quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 481 shares during the period. Public Employees Retirement System of Ohio raised its position in Sealed Air by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock worth $1,405,000 after acquiring an additional 482 shares in the last quarter. Empowered Funds LLC raised its position in Sealed Air by 4.1% in the first quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 500 shares in the last quarter. Park Avenue Securities LLC raised its position in Sealed Air by 3.6% in the second quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 566 shares in the last quarter. Finally, Xponance Inc. raised its position in Sealed Air by 7.2% in the first quarter. Xponance Inc. now owns 8,549 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 577 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on SEE shares. UBS Group boosted 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, October 6th. Citigroup boosted their price target on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Royal Bank Of Canada set a $48.00 price target on shares of Sealed Air and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price objective on shares of Sealed Air from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sealed Air in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.09.

Sealed Air Price Performance

SEE stock opened at $34.15 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. The firm has a market capitalization of $5.02 billion, a PE ratio of 17.25, a P/E/G ratio of 2.45 and a beta of 1.36. The firm has a 50-day moving average of $33.12 and a two-hundred day moving average of $31.10.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, analysts forecast 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 will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.20 dividend. The ex-dividend date 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 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.