Quantbot Technologies LP Sells 43,093 Shares of Sealed Air Co. (NYSE:SEE)

Quantbot Technologies LP lowered its stake in Sealed Air Co. (NYSE:SEE) by 67.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,016 shares of the industrial products company’s stock after selling 43,093 shares during the quarter. Quantbot Technologies LP’s holdings in Sealed Air were worth $782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in Sealed Air in the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in Sealed Air in the fourth quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new stake in Sealed Air in the first quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV lifted its position in Sealed Air by 81.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 449 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Sealed Air in the first quarter valued at approximately $52,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of SEE stock opened at $35.85 on Monday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 4.38 and a beta of 1.35. The business’s fifty day moving average is $36.93 and its 200 day moving average is $35.73. Sealed Air Co. has a twelve month low of $28.50 and a twelve month high of $47.12. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 7.49.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts expect that Sealed Air Co. will post 2.86 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, June 14th. Sealed Air’s dividend payout ratio (DPR) is 32.13%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SEE shares. Stifel Nicolaus started coverage on Sealed Air in a research note on Tuesday, July 9th. They set a “buy” rating and a $47.00 target price on the stock. Citigroup reduced their target price on Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. StockNews.com cut Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Truist Financial reissued a “buy” rating and set a $44.00 target price on shares of Sealed Air in a research note on Monday, June 17th. Finally, Mizuho raised Sealed Air from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $50.00 in a research note on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.56.

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.