Y Intercept Hong Kong Ltd Invests $661,000 in Sealed Air Corporation $SEE

Y Intercept Hong Kong Ltd purchased a new position in shares of Sealed Air Corporation (NYSE:SEE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,292 shares of the industrial products company’s stock, valued at approximately $661,000.

Other hedge funds have also modified their holdings of the company. Burney Co. lifted its stake in Sealed Air by 4.1% during the 1st quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock worth $356,000 after acquiring an additional 481 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Sealed Air by 1.1% during the 2nd 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 lifted its stake in Sealed Air by 4.1% during the 1st 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 lifted its stake in Sealed Air by 3.6% during the 2nd 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. lifted its stake in Sealed Air by 7.2% during the 1st 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. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SEE. Royal Bank Of Canada increased their target price on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Sealed Air in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of Sealed Air in a research report on Wednesday. Finally, Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $42.36.

Sealed Air Trading Up 2.3%

SEE opened at $36.61 on Thursday. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. The company has a market cap of $5.39 billion, a P/E ratio of 18.49, a PEG ratio of 2.40 and a beta of 1.38. 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 business’s 50-day simple moving average is $34.13 and its 200-day simple moving average is $32.00.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, equities research analysts expect that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, December 5th. Sealed Air’s dividend payout ratio (DPR) is currently 40.40%.

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.