Trust Co. of Vermont Lowers Stock Holdings in Sealed Air Co. (NYSE:SEE)

Trust Co. of Vermont decreased its position in shares of Sealed Air Co. (NYSE:SEE) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,531 shares of the industrial products company’s stock after selling 2,945 shares during the period. Trust Co. of Vermont’s holdings in Sealed Air were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SEE. CVA Family Office LLC bought a new position in shares of Sealed Air during the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC bought a new stake in shares of Sealed Air in the fourth quarter worth about $29,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Sealed Air by 81.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 449 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Sealed Air in the third quarter worth about $42,000. Finally, Signaturefd LLC grew its stake in shares of Sealed Air by 43.2% in the fourth quarter. Signaturefd LLC now owns 1,531 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 462 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SEE has been the topic of several recent analyst reports. William Blair reissued a “market perform” rating on shares of Sealed Air in a research note on Thursday, May 2nd. Mizuho raised Sealed Air from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. Wolfe Research assumed coverage on Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and lifted their price objective for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Finally, StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $44.90.

Sealed Air Stock Performance

Shares of SEE stock traded down $0.65 during mid-day trading on Monday, reaching $35.96. 160,268 shares of the company’s stock traded hands, compared to its average volume of 1,553,466. Sealed Air Co. has a 12 month low of $28.50 and a 12 month high of $47.12. The firm has a 50 day moving average price of $35.79 and a two-hundred day moving average price of $35.68. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market capitalization of $5.24 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 3.29 and a beta of 1.35.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, research analysts forecast that Sealed Air Co. will post 2.89 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, June 14th. Sealed Air’s dividend payout ratio is currently 32.13%.

About Sealed Air

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.