Sanctuary Advisors LLC Has $1.65 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Sanctuary Advisors LLC raised its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 120.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,829 shares of the industrial products company's stock after acquiring an additional 25,046 shares during the quarter. Sanctuary Advisors LLC's holdings in Sealed Air were worth $1,645,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently issued reports on SEE. Royal Bank of Canada reduced their price objective 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. Morgan Stanley assumed coverage on Sealed Air in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 price target for the company. 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 report on Tuesday, October 15th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Finally, Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target on the stock in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.00.

Sealed Air Price Performance

Shares of NYSE:SEE traded down $0.38 during midday trading on Friday, reaching $33.59. 3,319,228 shares of the company's stock were exchanged, compared to its average volume of 1,509,226. 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 firm has a market capitalization of $4.89 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The company's 50 day simple moving average is $36.01 and its two-hundred day simple moving average is $35.65.

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

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given 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 yield of 2.38%. Sealed Air's dividend payout ratio (DPR) is presently 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.