CW Advisors LLC Acquires Shares of 18,600 Sealed Air Corporation $SEE

CW Advisors LLC acquired a new position in shares of Sealed Air Corporation (NYSE:SEE) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 18,600 shares of the industrial products company’s stock, valued at approximately $577,000.

A number of other institutional investors have also modified their holdings of SEE. Atlantic Union Bankshares Corp bought a new position in shares of Sealed Air during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Sealed Air by 383.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after buying an additional 664 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Sealed Air by 334.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after buying an additional 739 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sealed Air by 94.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 756 shares in the last quarter. Finally, Traub Capital Management LLC bought a new stake in shares of Sealed Air in the 2nd quarter valued at approximately $55,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SEE. Royal Bank Of Canada raised their price objective on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Citigroup raised their price target on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. UBS Group boosted their price objective on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sealed Air in a research note on Tuesday, November 25th. Finally, Truist Financial restated a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of Sealed Air in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $42.83.

Sealed Air Stock Performance

Shares of NYSE SEE opened at $41.41 on Wednesday. Sealed Air Corporation has a 12-month low of $22.78 and a 12-month high of $44.27. The company has a market cap of $6.09 billion, a PE ratio of 13.45 and a beta of 1.35. The stock has a 50 day simple moving average of $37.94 and a 200-day simple moving average of $33.99. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.68 by $0.19. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. On average, equities research analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, December 5th. Sealed Air’s payout ratio is currently 25.97%.

Sealed Air 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.