Kiltearn Partners LLP Reduces Holdings in Sealed Air Co. (NYSE:SEE)

Kiltearn Partners LLP lowered its stake in shares of Sealed Air Co. (NYSE:SEE) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 507,800 shares of the industrial products company’s stock after selling 23,200 shares during the quarter. Sealed Air comprises 2.5% of Kiltearn Partners LLP’s portfolio, making the stock its 17th largest position. Kiltearn Partners LLP owned approximately 0.35% of Sealed Air worth $18,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Sealed Air Price Performance

Shares of NYSE:SEE opened at $35.95 on Wednesday. The firm’s 50 day simple moving average is $35.74 and its two-hundred day simple moving average is $35.85. 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 company has a market capitalization of $5.24 billion, a P/E ratio of 13.22, 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.

Sealed Air (NYSE:SEE) last issued its quarterly 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 business 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%. Sealed Air’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. Research analysts expect that Sealed Air Co. will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid 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 2.23%. Sealed Air’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SEE shares. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. dropped their price target on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada reduced their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Morgan Stanley assumed coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price objective on the stock. Finally, StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.