2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP lifted its holdings in Sealed Air Co. ( NYSE:SEE – Free Report ) by 33.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 1,910,647 shares of the industrial products company’s stock after buying an additional 479,675 shares during the quarter. Dimensional Fund Advisors LP owned about 1.31% of Sealed Air worth $66,475,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Sealed Air by 5.
2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 553,230 shares of the industrial products company’s stock worth $19,247,000 after purchasing an additional 27,554 shares during the last quarter.
GHP Investment Advisors Inc. grew its position in shares of Sealed Air by 8.3% in the 2nd quarter.
GHP Investment Advisors Inc. now owns 37,291 shares of the industrial products company’s stock valued at $1,297,000 after purchasing an additional 2,867 shares during the period. American Century Companies Inc.
grew its position in shares of Sealed Air by 4.8% in the 2nd quarter. American Century Companies Inc.
now owns 31,877 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 1,468 shares during the period. ClariVest Asset Management LLC bought a new stake in Sealed Air in the 2nd quarter valued at approximately $1,006,000. Finally, Chesapeake Capital Corp IL bought a new stake in Sealed Air in the 2nd quarter valued at approximately $481,000.
94.40% of the stock is owned by institutional investors. Analyst Ratings Changes SEE has been the topic of a number of analyst reports.
StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co.
decreased their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th.
UBS Group reduced their target price on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th.
Citigroup reduced their target price on Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, July 8th.
Finally, Morgan Stanley assumed coverage on Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price objective on the stock.
Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.30.
Sealed Air Price Performance Shares of SEE opened at $36.67 on Friday. The business has a 50-day moving average of $34.
83 and a 200-day moving average of $35.39. Sealed Air Co.
has a 1 year low of $28.50 and a 1 year high of $41.14.
The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 9.
01 and a beta of 1.34. The company has a debt-to-equity ratio of 6.
81, a current ratio of 1.30 and a quick ratio of 0.79.
Sealed Air ( NYSE:SEE – Get Free Report ) last released its earnings results on Thursday, August 8th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.
64 by $0.19. Sealed Air had a return on equity of 85.
65% and a net margin of 6.64%. The business had revenue of $1.
35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm posted $0.
80 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis.
As a group, equities research analysts anticipate that Sealed Air Co. will post 2.93 earnings per share for the current year.
Sealed Air Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.20 dividend.
The ex-dividend date was Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.
18%. Sealed Air’s dividend payout ratio (DPR) is presently 32.13%.
Sealed Air Company Profile ( 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.
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