Chartwell Investment Partners LLC raised its position in Sealed Air Co . (NYSE: SEE – Get Rating ) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,514 shares of the industrial products company’s stock after buying an additional 1,193 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Sealed Air were worth $1,909,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ellevest Inc. boosted its holdings in shares of Sealed Air by 269.0% in the first quarter. Ellevest Inc. now owns 369 shares of the industrial products company’s stock valued at $25,000 after buying an additional 269 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of Sealed Air in the 4th quarter worth about $29,000. Moors & Cabot Inc. bought a new stake in shares of Sealed Air during the third quarter valued at about $38,000. Parkside Financial Bank & Trust increased its position in shares of Sealed Air by 186.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 582 shares of the industrial products company’s stock valued at $39,000 after buying an additional 379 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of Sealed Air in the 4th quarter valued at about $46,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
SEE opened at $56.29 on Monday. The firm has a 50-day SMA of $60.93 and a 200-day SMA of $64.68. The company has a quick ratio of 0.74, a current ratio of 1.31 and a debt-to-equity ratio of 19.38. The company has a market cap of $8.22 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. Sealed Air Co. has a 52-week low of $53.87 and a 52-week high of $70.72.
Sealed Air (NYSE:SEE – Get Rating) last posted its earnings results on Tuesday, May 3. The industrial products company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.20. The business had revenue of $1.42 billion for the quarter, compared to analysts’ estimates of $1.39 billion. Sealed Air had a net margin of 9.60% and a return on equity of 355.49%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted earnings of $0.78 per share. As a group, sell-side analysts expect Sealed Air Co. to report 4.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.80 annual dividend and a yield of 1.42%. Sealed Air’s dividend payout ratio (DPR) is 22.10%.
A number of research analysts recently weighed in on SE shares. Bank of America downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $67.00 target price on the stock. in a research note on Thursday. Citigroup reduced their target price on Sealed Air from $81.00 to $80.00 in a research report on Friday, April 8th. StockNews.com initiated coverage on Sealed Air in a report on Thursday, March 31st. They assign a “buy” rating to the company. Finally, JPMorgan Chase & Co. downgraded Sealed Air from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $71.00 to $62.00 in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.33.
Closed air profile (Get Rating)
Sealed Air Corporation provides food safety and security and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa and Asia Pacific. It operates in two segments, nutritional and protective. The food segment offers integrated packaging materials and automated equipment solutions to ensure food safety and extend shelf life, reduce food waste, automate processes and optimize total costs for food processors of fresh red meat, smoked and processed foods meat, poultry, seafood, plant and dairy markets under the brands CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps and Optidure.
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