Sealed Air Co. (NYSE:SEE) Stake Decreased by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in Sealed Air Co. (NYSE:SEE) by 80.0% during the third quarter, HoldingsChannel.com reports. The fund owned 10,634 shares of the industrial products company’s stock after selling 42,552 shares during the period. Quantbot Technologies LP’s holdings in Sealed Air were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SEE. Family Firm Inc. acquired a new position in Sealed Air during the second quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Sealed Air in the 2nd quarter worth $34,000. Allspring Global Investments Holdings LLC increased its stake in shares of Sealed Air by 100.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 1,422 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 2,445 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Sealed Air during the second quarter worth about $105,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Up 0.1 %

Shares of NYSE:SEE opened at $36.65 on Wednesday. The firm has a market capitalization of $5.34 billion, a P/E ratio of 13.47, a P/E/G ratio of 5.06 and a beta of 1.34. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The business’s 50-day moving average is $35.86 and its 200 day moving average is $35.77.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, research analysts predict that Sealed Air Co. will post 3.06 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 20th. Investors of record on Friday, December 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 annualized dividend and a yield of 2.18%. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SEE shares. Morgan Stanley started coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Jefferies Financial Group cut shares of Sealed Air from a “buy” rating to a “hold” rating and cut their price target for the company from $47.00 to $35.00 in a research report on Friday, August 9th. StockNews.com cut Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company upped their target price on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.