Sealed Air (NYSE:SEE) Hits New 1-Year Low - Here's Why

Sealed Air Co. (NYSE:SEE - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $30.72 and last traded at $31.10, with a volume of 522323 shares traded. The stock had previously closed at $31.93.

Analyst Ratings Changes

Several brokerages have weighed in on SEE. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Citigroup dropped their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. UBS Group increased their target price on shares of Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.25.

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Sealed Air Stock Performance

The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company has a market capitalization of $4.39 billion, a PE ratio of 11.06 and a beta of 1.32. The company has a 50 day moving average of $33.68 and a two-hundred day moving average of $34.78.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business's revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. As a group, equities research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. Sealed Air's dividend payout ratio is currently 44.20%.

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds have recently bought and sold shares of SEE. Assetmark Inc. grew its stake in shares of Sealed Air by 1.8% in the third quarter. Assetmark Inc. now owns 55,570 shares of the industrial products company's stock worth $2,017,000 after acquiring an additional 961 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Sealed Air by 10.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 56,755 shares of the industrial products company's stock valued at $2,060,000 after acquiring an additional 5,231 shares during the period. Entropy Technologies LP purchased a new position in shares of Sealed Air in the third quarter worth approximately $433,000. MQS Management LLC grew its position in Sealed Air by 20.5% during the third quarter. MQS Management LLC now owns 17,815 shares of the industrial products company's stock valued at $647,000 after buying an additional 3,032 shares during the period. Finally, KBC Group NV increased its holdings in Sealed Air by 20.1% during the third quarter. KBC Group NV now owns 4,595 shares of the industrial products company's stock valued at $167,000 after buying an additional 769 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

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.