Sealed Air Corporation $SEE Position Raised by Atlas FRM LLC

Atlas FRM LLC grew its stake in Sealed Air Corporation (NYSE:SEE) by 40.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,379,000 shares of the industrial products company’s stock after purchasing an additional 399,000 shares during the period. Sealed Air makes up about 5.7% of Atlas FRM LLC’s portfolio, making the stock its 5th biggest position. Atlas FRM LLC owned about 0.94% of Sealed Air worth $48,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Sealed Air in the second quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. grew its stake in Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 664 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Sealed Air by 334.4% during the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 739 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Sealed Air during the third quarter worth approximately $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sealed Air by 94.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 756 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE opened at $41.98 on Thursday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. The stock has a 50-day moving average of $41.82 and a two-hundred day moving average of $38.82. The stock has a market cap of $6.19 billion, a P/E ratio of 12.24 and a beta of 1.35. Sealed Air Corporation has a one year low of $22.78 and a one year high of $44.27.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Sealed Air had a return on equity of 47.21% and a net margin of 9.43%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. As a group, research analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 13th. Sealed Air’s dividend payout ratio (DPR) is 23.32%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Robert W. Baird reiterated a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 target price (up from $43.80) on shares of Sealed Air in a research report on Monday, November 17th. Finally, Truist Financial boosted their price target on shares of Sealed Air from $45.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.09.

About Sealed Air

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.