CW Advisors LLC Takes Position in Sealed Air Corporation $SEE

CW Advisors LLC bought a new stake in Sealed Air Corporation (NYSE:SEE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,600 shares of the industrial products company’s stock, valued at approximately $577,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Sealed Air during the 2nd quarter valued at about $37,434,000. Alberta Investment Management Corp increased its position in Sealed Air by 43.3% during the second quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock worth $70,975,000 after purchasing an additional 691,200 shares during the last quarter. Woodline Partners LP acquired a new position in Sealed Air during the first quarter worth approximately $17,711,000. Brandes Investment Partners LP raised its stake in Sealed Air by 30.1% during the second quarter. Brandes Investment Partners LP now owns 1,908,782 shares of the industrial products company’s stock worth $59,230,000 after purchasing an additional 441,140 shares during the period. Finally, Atlas FRM LLC boosted its holdings in shares of Sealed Air by 71.9% in the 2nd quarter. Atlas FRM LLC now owns 980,000 shares of the industrial products company’s stock valued at $30,409,000 after purchasing an additional 410,000 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Price Performance

Shares of SEE stock opened at $41.41 on Wednesday. The firm has a fifty day simple moving average of $37.94 and a 200-day simple moving average of $33.99. The company has a market capitalization of $6.09 billion, a PE ratio of 13.45 and a beta of 1.35. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $44.27. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.19. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Equities research analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors 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 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s dividend payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sealed Air in a research report on Tuesday, November 25th. Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. UBS Group increased their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

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.