Sanctuary Advisors LLC Purchases 25,046 Shares of Sealed Air Co. (NYSE:SEE)

Sanctuary Advisors LLC increased its position in shares of Sealed Air Co. (NYSE:SEE) by 120.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,829 shares of the industrial products company’s stock after acquiring an additional 25,046 shares during the period. Sanctuary Advisors LLC’s holdings in Sealed Air were worth $1,645,000 at the end of the most recent reporting period.

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

Sealed Air Price Performance

SEE opened at $33.97 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market capitalization of $4.95 billion, a P/E ratio of 12.49, a PEG ratio of 4.97 and a beta of 1.34. The stock has a 50-day moving average price of $36.01 and a 200-day moving average price of $35.65. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts predict that Sealed Air Co. will post 3.06 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley started coverage on Sealed Air in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 target price on the stock. Truist Financial reduced their price objective on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reduced their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Finally, Raymond James raised shares of 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. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.