Qsemble Capital Management LP Has $1.24 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Qsemble Capital Management LP lifted its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 388.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,242 shares of the industrial products company's stock after acquiring an additional 27,228 shares during the period. Qsemble Capital Management LP's holdings in Sealed Air were worth $1,243,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SEE. Millennium Management LLC raised its stake in Sealed Air by 38.2% during the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company's stock valued at $143,136,000 after acquiring an additional 1,136,985 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Sealed Air during the third quarter valued at about $139,800,000. Dimensional Fund Advisors LP lifted its holdings in Sealed Air by 33.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company's stock worth $66,475,000 after purchasing an additional 479,675 shares during the period. Deprince Race & Zollo Inc. grew its position in Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company's stock valued at $64,571,000 after buying an additional 24,940 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Sealed Air by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company's stock valued at $58,587,000 after buying an additional 502,999 shares during the period. Institutional investors and hedge funds own 94.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on SEE shares. Royal Bank of Canada reduced their price target on shares of Sealed Air from $40.00 to $39.00 and set a "sector perform" rating for the company in a research note on Thursday, October 17th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their price objective on Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, August 9th. JPMorgan Chase & Co. lowered their target price on Sealed Air from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Finally, Truist Financial reduced their price objective on shares of Sealed Air from $44.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Sealed Air Trading Up 1.6 %

Shares of NYSE:SEE traded up $0.59 during mid-day trading on Wednesday, hitting $36.54. The stock had a trading volume of 70,606 shares, compared to its average volume of 1,509,857. The company's 50 day moving average is $35.74 and its 200-day moving average is $35.85. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14. 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 company has a market cap of $5.32 billion, a PE ratio of 13.22, a P/E/G ratio of 5.06 and a beta of 1.34.

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 (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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company's revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts predict that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Dividend Announcement

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

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.