Stifel Financial Corp Trims Holdings in Sealed Air Co. (NYSE:SEE)

Stifel Financial Corp decreased its stake in shares of Sealed Air Co. (NYSE:SEE) by 0.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 55,510 shares of the industrial products company’s stock after selling 367 shares during the period. Stifel Financial Corp’s holdings in Sealed Air were worth $2,015,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SEE. Empowered Funds LLC purchased a new stake in Sealed Air in the 3rd quarter worth approximately $1,497,000. Maple Rock Capital Partners Inc. grew its position in Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after buying an additional 548,493 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings 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 valued at $64,571,000 after acquiring an additional 24,940 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Sealed Air during the 2nd quarter valued at about $2,098,000. Finally, Commerce Bank grew its holdings in shares of Sealed Air by 67.6% during the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 14,766 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SEE shares. Truist Financial lowered their price objective on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 17th. Royal Bank of Canada dropped their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Morgan Stanley started coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price target on the stock. Seven 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 company’s stock. According to MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Trading Down 1.0 %

NYSE SEE opened at $33.97 on Friday. The stock’s 50 day moving average is $36.01 and its 200 day moving average is $35.65. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of $4.95 billion, a PE ratio of 12.49, a P/E/G ratio of 4.97 and a beta of 1.34. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Research analysts forecast that Sealed Air Co. will post 3.06 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 2.36%. The ex-dividend date is Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is 29.41%.

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.