Sealed Air Co. (NYSE:SEE) Position Trimmed by Kiltearn Partners LLP

Kiltearn Partners LLP lessened its holdings in shares of Sealed Air Co. (NYSE:SEE) by 15.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,900 shares of the industrial products company’s stock after selling 71,700 shares during the quarter. Sealed Air makes up 1.3% of Kiltearn Partners LLP’s investment portfolio, making the stock its 29th largest holding. Kiltearn Partners LLP owned 0.27% of Sealed Air worth $14,445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Sealed Air in the 4th quarter valued at approximately $27,000. Fidelis Capital Partners LLC bought a new stake in shares of Sealed Air in the 1st quarter valued at approximately $31,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Sealed Air in the 1st quarter valued at approximately $52,000. Signaturefd LLC grew its stake in shares of Sealed Air by 43.2% in the 4th quarter. Signaturefd LLC now owns 1,531 shares of the industrial products company’s stock valued at $56,000 after buying an additional 462 shares in the last quarter. Finally, Covestor Ltd boosted its position in Sealed Air by 651.2% during the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of NYSE SEE traded up $1.22 during trading hours on Friday, reaching $37.69. The stock had a trading volume of 1,206,805 shares, compared to its average volume of 1,153,071. The business’s fifty day moving average is $36.64 and its two-hundred day moving average is $35.72. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 4.61 and a beta of 1.35. Sealed Air Co. has a twelve month low of $28.50 and a twelve month high of $47.12.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. Sealed Air’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, research analysts expect that Sealed Air Co. will post 2.86 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.12%. Sealed Air’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

SEE has been the subject of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Stifel Nicolaus initiated coverage on Sealed Air in a research report on Tuesday, July 9th. They set a “buy” rating and a $47.00 target price for the company. Truist Financial reaffirmed a “buy” rating and set a $44.00 target price on shares of Sealed Air in a research report on Monday, June 17th. Citigroup decreased their target price on Sealed Air from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, Royal Bank of Canada lowered Sealed Air from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $43.00 to $40.00 in a report on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.33.

Sealed Air 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.