10 hours Ago By Defense World Staff
Commonwealth Equity Services LLC decreased its stake in shares of Sealed Air Co. ( NYSE:SEE – Free Report ) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC.
The firm owned 15,206 shares of the industrial products company’s stock after selling 1,592 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sealed Air were worth $514,000 as of its most recent filing with the SEC. A number of other large investors have also made changes to their positions in SEE.
Quarry LP lifted its position in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 311 shares during the period.
Arizona State Retirement System lifted its holdings in shares of Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after acquiring an additional 348 shares during the period.
Choreo LLC boosted its position in shares of Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 351 shares in the last quarter.
Metis Global Partners LLC boosted its position in shares of Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 375 shares in the last quarter.
Finally, Truist Financial Corp increased its stake in Sealed Air by 3.3% in the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 377 shares during the period.
Institutional investors and hedge funds own 94.40% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have weighed in on SEE.
StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Mizuho decreased their price target on Sealed Air from $45.
00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley lowered their price target on Sealed Air from $39.
00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Citigroup cut their price objective on Sealed Air from $44.
00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Bank of America lowered their target price on shares of Sealed Air from $42.
00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.25.
Insider Activity at Sealed Air In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $30.
00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000.
This represents a 3.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
0.30% of the stock is owned by company insiders. Sealed Air Trading Down 10.
0 % SEE opened at $24.39 on Friday. Sealed Air Co.
has a 1-year low of $24.35 and a 1-year high of $41.14.
The stock has a market capitalization of $3.55 billion, a PE ratio of 8.97 and a beta of 1.
32. 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 firm has a 50-day moving average price of $31.
89 and a two-hundred day moving average price of $34.17. Sealed Air ( NYSE:SEE – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 25th.
The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.
08. Sealed Air had a net margin of 7.34% and a return on equity of 74.
21%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.
36 billion. During the same quarter last year, the business posted $0.88 earnings per share.
Sealed Air’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities analysts anticipate that Sealed Air Co.
will post 3.05 earnings per share for the current fiscal year. Sealed Air Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.
80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, March 14th.
Sealed Air’s dividend payout ratio (DPR) is presently 44.20%. About Sealed Air ( Free Report ) 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. Featured Stories Five stocks we like better than Sealed Air Manufacturing Stocks Investing Archer Aviation’s Africa Deal Could Boost ACHR Stock How to Know Which Cryptocurrency to Buy: A Guide for Investors Are Short Sellers Wrong About These 3 Semiconductor Stocks? Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.
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