Cwm LLC Raises Holdings in Sealed Air Co. (NYSE:SEE)

Cwm LLC raised its holdings in shares of Sealed Air Co. (NYSE:SEE) by 81.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,961 shares of the industrial products company’s stock after purchasing an additional 2,675 shares during the period. Cwm LLC’s holdings in Sealed Air were worth $216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEE. Vanguard Group Inc. raised its position in shares of Sealed Air by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock worth $621,380,000 after acquiring an additional 600,146 shares in the last quarter. Millennium Management LLC boosted 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 purchasing an additional 1,136,985 shares during the last quarter. Earnest Partners LLC boosted its stake in Sealed Air by 7.3% during the 1st quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company’s stock valued at $93,014,000 after purchasing an additional 170,846 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sealed Air by 33.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after buying an additional 479,675 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of 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 worth $64,571,000 after buying an additional 24,940 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE stock opened at $36.07 on Wednesday. The business’s fifty day simple moving average is $34.72 and its 200-day simple moving average is $35.34. The company has a market cap of $5.25 billion, a PE ratio of 14.54, a PEG ratio of 9.39 and a beta of 1.34. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 6.81. Sealed Air Co. has a 12-month low of $28.50 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.64 by $0.19. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. Analysts expect that Sealed Air Co. will post 2.93 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s dividend payout ratio is currently 32.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SEE shares. Royal Bank of Canada decreased their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Morgan Stanley started coverage on Sealed Air in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price on the stock. Truist Financial reduced their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Wells Fargo & Company lifted their price target on Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.