Sealed Air (NYSE:SEE) Sets New 1-Year Low – What’s Next?

Sealed Air Co. (NYSE:SEE)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.37 and last traded at $28.65, with a volume of 53943 shares trading hands. The stock had previously closed at $29.00.

Analysts Set New Price Targets

Several research analysts have recently commented on SEE shares. Truist Financial lifted their target price on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. UBS Group upped their price objective on shares of Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup cut their target price on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America decreased their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air Price Performance

The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The company’s fifty day moving average price is $32.40 and its 200 day moving average price is $34.33. The company has a market capitalization of $4.23 billion, a P/E ratio of 10.67 and a beta of 1.32.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. As a group, sell-side analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.76%. Sealed Air’s dividend payout ratio is 44.20%.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Sealed Air

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP grew its position in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 311 shares during the last quarter. Arizona State Retirement System increased its position in Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after purchasing an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock valued at $1,470,000 after purchasing an additional 350 shares during the last quarter. Choreo LLC boosted its position in Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after buying an additional 351 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock worth $306,000 after buying an additional 375 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

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.