American Century Companies Inc. Has $1.11 Million Stock Position in Sealed Air Co. (NYSE:SEE)

American Century Companies Inc. raised its holdings in shares of Sealed Air Co. (NYSE:SEE) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,877 shares of the industrial products company’s stock after purchasing an additional 1,468 shares during the period. American Century Companies Inc.’s holdings in Sealed Air were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Sealed Air by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after purchasing an additional 600,146 shares during the period. Earnest Partners LLC lifted its position in Sealed Air by 7.3% during the 1st quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company’s stock valued at $93,014,000 after purchasing an additional 170,846 shares during the period. Balyasny Asset Management L.P. acquired a new position in Sealed Air during the 4th quarter valued at about $86,410,000. Goldman Sachs Group Inc. lifted its position in Sealed Air by 83.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,036,731 shares of the industrial products company’s stock valued at $37,861,000 after purchasing an additional 471,289 shares during the period. Finally, Appian Way Asset Management LP acquired a new position in Sealed Air during the 1st quarter valued at about $29,877,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SEE has been the topic of a number of research reports. Jefferies Financial Group downgraded shares of Sealed Air from a “buy” rating to a “hold” rating and cut their target price for the company from $47.00 to $35.00 in a research report on Friday, August 9th. Stifel Nicolaus began coverage on shares of Sealed Air in a research report on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price target on the stock. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Citigroup cut their price target on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Wells Fargo & Company increased their price target 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. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.30.

Sealed Air Price Performance

NYSE SEE opened at $36.29 on Tuesday. The business has a 50 day simple moving average of $34.84 and a 200 day simple moving average of $35.37. Sealed Air Co. has a 52-week low of $28.50 and a 52-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 stock has a market cap of $5.28 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 9.01 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted 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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. Sealed Air’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Analysts anticipate that Sealed Air Co. will post 2.93 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. Sealed Air’s dividend payout ratio is currently 32.13%.

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.