Kwmg LLC Grows Position in Sealed Air Co. (NYSE:SEE)

Kwmg LLC raised its position in Sealed Air Co. (NYSE:SEE) by 4.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 130,010 shares of the industrial products company’s stock after purchasing an additional 5,269 shares during the period. Kwmg LLC’s holdings in Sealed Air were worth $4,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Family Firm Inc. acquired a new stake in Sealed Air during the 2nd quarter worth $26,000. Fidelis Capital Partners LLC acquired a new stake in shares of Sealed Air during the first quarter worth about $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Sealed Air during the second quarter worth about $34,000. Allspring Global Investments Holdings LLC acquired a new position in Sealed Air in the 1st quarter valued at about $52,000. Finally, Covestor Ltd raised its stake in Sealed Air by 651.2% during the 1st quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 1,400 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEE has been the topic of several analyst reports. Stifel Nicolaus began coverage on Sealed Air in a research note on Tuesday, July 9th. They issued a “buy” rating and a $47.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Royal Bank of Canada cut shares of Sealed Air from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $43.00 to $40.00 in a research note on Friday, July 19th. Morgan Stanley initiated coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.30.

Sealed Air Price Performance

SEE traded down $0.56 on Monday, hitting $34.87. 1,058,970 shares of the company were exchanged, compared to its average volume of 1,558,684. Sealed Air Co. has a fifty-two week low of $28.50 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.79 and a current ratio of 1.30. The firm has a market capitalization of $5.08 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. The business’s fifty day moving average is $34.77 and its 200 day moving average is $35.37.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Sealed Air Co. will post 2.93 EPS for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, September 13th. Sealed Air’s payout ratio is currently 32.13%.

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.