Sealed Air Corporation $SEE Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its stake in Sealed Air Corporation (NYSE:SEE) by 57.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,854 shares of the industrial products company’s stock after selling 17,714 shares during the quarter. Bessemer Group Inc.’s holdings in Sealed Air were worth $399,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SEE. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sealed Air in the 1st quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sealed Air by 94.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 756 shares during the last quarter. Whittier Trust Co. increased its stake 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 buying an additional 797 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Sealed Air in the 1st quarter valued at approximately $58,000. Finally, Hilltop National Bank purchased a new position in Sealed Air in the 2nd quarter valued at approximately $82,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Trading Down 0.2%

Shares of Sealed Air stock opened at $33.53 on Monday. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $38.85. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The company has a market capitalization of $4.93 billion, a P/E ratio of 16.93, a PEG ratio of 2.40 and a beta of 1.36. The company’s fifty day moving average is $33.93 and its two-hundred day moving average is $31.85.

Sealed Air (NYSE:SEE) last posted its quarterly 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. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’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. Analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.4%. Sealed Air’s dividend payout ratio is 40.40%.

Analyst Upgrades and Downgrades

SEE has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $50.00 price target (up previously from $39.00) on shares of Sealed Air in a research report on Friday, October 17th. Royal Bank Of Canada set a $48.00 price target on shares of Sealed Air and gave the company an “outperform” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Sealed Air from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, UBS Group boosted their target price on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.09.

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.