Marathon Asset Management Ltd Sells 129,901 Shares of Sealed Air Corporation $SEE

Marathon Asset Management Ltd reduced its holdings in Sealed Air Corporation (NYSE:SEE) by 26.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,588 shares of the industrial products company’s stock after selling 129,901 shares during the quarter. Marathon Asset Management Ltd owned about 0.25% of Sealed Air worth $12,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SEE. Norges Bank purchased a new stake in Sealed Air in the second quarter worth about $37,434,000. Alberta Investment Management Corp lifted its stake in shares of Sealed Air by 43.3% in the 2nd quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock valued at $70,975,000 after purchasing an additional 691,200 shares during the period. Woodline Partners LP bought a new stake in shares of Sealed Air during the first quarter valued at approximately $17,711,000. Bank of America Corp DE grew its stake in Sealed Air by 13.7% in the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock worth $130,963,000 after purchasing an additional 507,067 shares during the period. Finally, Brandes Investment Partners LP grew its stake in Sealed Air by 30.1% in 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 during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on shares of Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Citigroup upped their price target on Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. UBS Group raised their price objective on Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Finally, Truist Financial reissued 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. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.77.

Sealed Air Price Performance

NYSE SEE opened at $41.39 on Monday. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 13.44 and a beta of 1.35. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $44.27. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. The business’s fifty day moving average price is $39.66 and its 200-day moving average price is $34.83.

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

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.20 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 1.9%. Sealed Air’s payout ratio is presently 25.97%.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.