Kovitz Investment Group Partners LLC Boosts Stock Position in Sealed Air Corporation $SEE

Kovitz Investment Group Partners LLC boosted its stake in Sealed Air Corporation (NYSE:SEE) by 29.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,798 shares of the industrial products company’s stock after buying an additional 2,468 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Sealed Air were worth $312,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SEE. Brighton Jones LLC purchased a new position in shares of Sealed Air during the fourth quarter valued at approximately $737,000. First Trust Advisors LP grew its position in shares of Sealed Air by 122.3% during the 4th quarter. First Trust Advisors LP now owns 353,971 shares of the industrial products company’s stock valued at $11,975,000 after acquiring an additional 194,736 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sealed Air by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock valued at $74,583,000 after acquiring an additional 178,592 shares during the period. State of Tennessee Department of Treasury grew its position in shares of Sealed Air by 7.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 73,600 shares of the industrial products company’s stock valued at $2,490,000 after acquiring an additional 5,023 shares during the period. Finally, Pinebridge Investments L.P. bought a new stake in shares of Sealed Air during the 4th quarter valued at $276,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

Shares of NYSE:SEE opened at $31.68 on Friday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 2.44 and a beta of 1.33. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The firm’s 50-day moving average is $30.91 and its 200 day moving average is $30.57. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.72 by $0.17. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Research analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, September 12th. Sealed Air’s dividend payout ratio is currently 40.40%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEE. Citigroup lifted their target price on shares of Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Wells Fargo & Company boosted their target price on shares of Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. UBS Group boosted their target price on shares of Sealed Air from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Raymond James Financial restated a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.80.

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.