Sealed Air Co. (NYSE:SEE) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in shares of Sealed Air Co. (NYSE:SEE) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,832 shares of the industrial products company’s stock after selling 2,631 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Sealed Air were worth $1,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in Sealed Air in the 2nd quarter worth $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air in the second quarter valued at about $34,000. Allspring Global Investments Holdings LLC increased its stake in shares of 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 worth $99,000 after purchasing an additional 1,422 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 purchasing an additional 2,445 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Sealed Air in the 2nd quarter valued at about $105,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

NYSE:SEE opened at $34.32 on Thursday. The company’s 50-day moving average is $36.02 and its two-hundred day moving average is $35.66. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14. 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 firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The firm 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 firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. Analysts forecast that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 annualized dividend and a yield of 2.33%. Sealed Air’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

SEE has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley initiated coverage on Sealed Air in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Royal Bank of Canada dropped their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. 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 note 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 stock. According to MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.