Sealed Air Co. (NYSE:SEE) Stock Position Raised by Holocene Advisors LP

Holocene Advisors LP grew its position in Sealed Air Co. (NYSE:SEE - Free Report) by 67.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,608 shares of the industrial products company's stock after purchasing an additional 72,248 shares during the quarter. Holocene Advisors LP owned approximately 0.12% of Sealed Air worth $6,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Family Firm Inc. bought a new stake in Sealed Air during the 2nd quarter worth about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sealed Air in the 2nd quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC boosted its position in Sealed Air by 100.8% during the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sealed Air during the 2nd quarter worth approximately $105,000. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Stock Performance

SEE traded up $0.65 during midday trading on Wednesday, hitting $37.30. 1,215,212 shares of the company were exchanged, compared to its average volume of 1,504,063. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 5.06 and a beta of 1.34. The company's 50 day simple moving average is $35.88 and its 200 day simple moving average is $35.76.

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

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.20 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.14%. Sealed Air's dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

SEE has been the topic of several recent research reports. Truist Financial lowered their price objective on Sealed Air from $44.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. StockNews.com cut Sealed Air from a "buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada lowered their target price on Sealed Air from $40.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased their target price on Sealed Air from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, August 15th. Finally, Wells Fargo & Company increased their target price on Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.00.

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.