Sealed Air Co. (NYSE:SEE) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 45.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,613,957 shares of the industrial products company's stock after purchasing an additional 502,999 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.11% of Sealed Air worth $58,587,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Sealed Air in the 2nd quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air in the second quarter valued at about $34,000. Allspring Global Investments Holdings LLC lifted its stake in Sealed Air by 100.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company's stock worth $99,000 after acquiring an additional 1,422 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Sealed Air by 523.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company's stock worth $101,000 after acquiring an additional 2,445 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Sealed Air during the 2nd quarter valued at about $105,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEE. Morgan Stanley assumed coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $39.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on Sealed Air from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company upped their price objective on Sealed Air from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, August 9th. Raymond James raised Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price objective on the stock in a research report on Thursday, October 17th. Finally, Truist Financial reduced their target price on shares of Sealed Air from $44.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Sealed Air Stock Performance

Shares of NYSE SEE traded up $0.36 during mid-day trading on Friday, hitting $36.60. The stock had a trading volume of 708,580 shares, compared to its average volume of 1,508,966. The company has a 50 day moving average of $35.84 and a two-hundred day moving average of $35.83. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a market cap of $5.33 billion, a PE ratio of 13.46, a PEG ratio of 5.01 and a beta of 1.34. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Sealed Air's revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts predict that Sealed Air Co. will post 3.06 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, December 6th. Sealed Air's payout ratio is 29.41%.

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.