Oregon Public Employees Retirement Fund Reduces Stake in Sealed Air Corporation (NYSE:SEE)

Oregon Public Employees Retirement Fund lowered its holdings in Sealed Air Corporation (NYSE:SEEFree Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,398 shares of the industrial products company’s stock after selling 926 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sealed Air were worth $965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after buying an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after buying an additional 1,081,848 shares during the period. Invesco Ltd. lifted its holdings in Sealed Air by 69.2% in the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock worth $128,176,000 after buying an additional 1,549,184 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sealed Air by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock worth $74,583,000 after buying an additional 178,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Sealed Air by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company’s stock worth $55,716,000 after buying an additional 32,976 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Down 0.9%

SEE stock opened at $32.55 on Friday. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 5.26. The firm has a market cap of $4.79 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. The business has a 50 day moving average of $31.21 and a 200 day moving average of $31.40.

Sealed Air (NYSE:SEEGet Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, research analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.46%. Sealed Air’s dividend payout ratio is 39.60%.

Wall Street Analyst Weigh In

SEE has been the subject of several research reports. Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Raymond James Financial decreased their target price on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 22nd. UBS Group raised Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, April 7th. Mizuho decreased their target price on Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Truist Financial decreased their target price on Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

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Sealed Air 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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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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