XTX Topco Ltd Raises Stock Holdings in Sealed Air Co. (NYSE:SEE)

XTX Topco Ltd lifted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 175.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,114 shares of the industrial products company’s stock after acquiring an additional 19,823 shares during the quarter. XTX Topco Ltd’s holdings in Sealed Air were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Isthmus Partners LLC increased its position in shares of Sealed Air by 4.6% during the first quarter. Isthmus Partners LLC now owns 7,395 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 322 shares during the last quarter. United Services Automobile Association increased its position in shares of Sealed Air by 3.5% during the second quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 393 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Sealed Air by 36.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,224 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 598 shares during the last quarter. MADDEN SECURITIES Corp increased its position in shares of Sealed Air by 9.1% during the second quarter. MADDEN SECURITIES Corp now owns 7,210 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 600 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Sealed Air by 7.9% during the first quarter. UMB Bank n.a. now owns 8,294 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 607 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SEE has been the subject of several research reports. UBS Group reduced their price objective on Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. Truist Financial reissued a “buy” rating and set a $44.00 price objective on shares of Sealed Air in a report on Monday, June 17th. Jefferies Financial Group lowered Sealed Air from a “buy” rating to a “hold” rating and reduced their price objective for the company from $47.00 to $35.00 in a report on Friday, August 9th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Morgan Stanley initiated coverage on Sealed Air in a report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.30.

Sealed Air Price Performance

Sealed Air stock opened at $35.09 on Friday. Sealed Air Co. has a one year low of $28.50 and a one year high of $41.14. The business has a fifty day moving average price of $34.86 and a 200-day moving average price of $35.40. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.30 and a quick ratio of 0.79. The firm has a market capitalization of $5.11 billion, a P/E ratio of 14.09, a PEG ratio of 8.59 and a beta of 1.34.

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

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, September 13th. Sealed Air’s dividend payout ratio is 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.