Crossmark Global Holdings Inc. Has $683,000 Stake in Sealed Air Co. (NYSE:SEE)

Crossmark Global Holdings Inc. lowered its stake in shares of Sealed Air Co. (NYSE:SEE) by 64.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,812 shares of the industrial products company’s stock after selling 33,980 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sealed Air were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Assetmark Inc. boosted its stake in Sealed Air by 1.8% during the 3rd 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 last quarter. Van ECK Associates Corp grew its holdings in shares of Sealed Air by 129.1% in the 3rd quarter. Van ECK Associates Corp now owns 138,186 shares of the industrial products company’s stock valued at $5,019,000 after buying an additional 77,881 shares during the period. Atlas Financial Advisors Inc. increased its position in shares of Sealed Air by 12.0% in the 3rd quarter. Atlas Financial Advisors Inc. now owns 7,527 shares of the industrial products company’s stock valued at $273,000 after buying an additional 807 shares in the last quarter. New York State Teachers Retirement System raised its stake in Sealed Air by 5.5% during the 3rd quarter. New York State Teachers Retirement System now owns 166,502 shares of the industrial products company’s stock worth $6,044,000 after buying an additional 8,669 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Sealed Air by 51.0% during the third quarter. State of Alaska Department of Revenue now owns 129,129 shares of the industrial products company’s stock worth $4,686,000 after acquiring an additional 43,635 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Jefferies Financial Group lowered Sealed Air from a “buy” rating to a “hold” rating and dropped their price target for the stock from $47.00 to $35.00 in a research report on Friday, August 9th. Royal Bank of Canada cut their price target on shares of 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. Wells Fargo & Company increased their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Raymond James raised shares of 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, JPMorgan Chase & Co. lowered their target price on Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Sealed Air Stock Performance

SEE opened at $35.86 on Friday. The business’s 50-day simple moving average is $35.48 and its 200 day simple moving average is $35.82. Sealed Air Co. has a 52-week low of $30.87 and a 52-week 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 $5.22 billion, a PE ratio of 13.18, a PEG ratio of 4.93 and a beta of 1.34.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. As a group, sell-side analysts expect that Sealed Air Co. will post 3.07 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s payout ratio is currently 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.