Columbia Asset Management Has $739,000 Stock Holdings in Sealed Air Corporation $SEE

Columbia Asset Management lessened its position in Sealed Air Corporation (NYSE:SEE) by 12.5% during the 2nd quarter, Holdings Channel reports. The firm owned 23,809 shares of the industrial products company’s stock after selling 3,399 shares during the quarter. Columbia Asset Management’s holdings in Sealed Air were worth $739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SEE. Burney Co. lifted its position in Sealed Air by 4.1% during the 1st quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock worth $356,000 after buying an additional 481 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Sealed Air by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock worth $1,405,000 after buying an additional 482 shares in the last quarter. Empowered Funds LLC lifted its position in Sealed Air by 4.1% during the 1st quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock worth $363,000 after buying an additional 500 shares in the last quarter. Park Avenue Securities LLC lifted its position in Sealed Air by 3.6% during the 2nd quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company’s stock worth $503,000 after buying an additional 566 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Sealed Air by 7.2% during the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE stock opened at $35.31 on Wednesday. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The stock has a market cap of $5.19 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.74 and a beta of 1.33. The stock has a 50-day moving average of $31.93 and a 200-day moving average of $30.65. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85.

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

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.20 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Sealed Air’s payout ratio is currently 40.40%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SEE shares. Citigroup boosted their price objective on Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company boosted their price objective on Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Raymond James Financial reissued a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. Truist Financial boosted their price objective on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised Sealed Air from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.73.

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.