Atlas FRM LLC Buys 410,000 Shares of Sealed Air Corporation $SEE

Atlas FRM LLC grew its stake in shares of Sealed Air Corporation (NYSE:SEE) by 71.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 980,000 shares of the industrial products company’s stock after acquiring an additional 410,000 shares during the quarter. Sealed Air comprises approximately 3.5% of Atlas FRM LLC’s investment portfolio, making the stock its 6th largest position. Atlas FRM LLC’s holdings in Sealed Air were worth $30,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Sealed Air in the 2nd quarter valued at approximately $37,434,000. Alberta Investment Management Corp raised its holdings in Sealed Air by 43.3% in the second quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock worth $70,975,000 after purchasing an additional 691,200 shares during the period. Woodline Partners LP acquired a new stake in Sealed Air in the first quarter worth $17,711,000. Brandes Investment Partners LP boosted its position in shares of Sealed Air by 30.1% during the second quarter. Brandes Investment Partners LP now owns 1,908,782 shares of the industrial products company’s stock worth $59,230,000 after purchasing an additional 441,140 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Sealed Air during the 1st quarter worth $8,286,000. 94.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SEE shares. Royal Bank Of Canada increased their price target on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. UBS Group increased their target price on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Mizuho lifted their price target on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Sealed Air in a research report on Tuesday, November 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (up from $43.80) on shares of Sealed Air in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Sealed Air Price Performance

Shares of SEE opened at $42.74 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $44.27. The stock has a market capitalization of $6.29 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.40 and a beta of 1.38. The company has a 50 day moving average of $36.99 and a 200-day moving average of $33.57.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, equities research analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is presently 25.97%.

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.