Sealed Air Co. (NYSE:SEE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Sealed Air Co. (NYSE:SEE) by 10.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,800 shares of the industrial products company’s stock after selling 2,500 shares during the period. Vontobel Holding Ltd.’s holdings in Sealed Air were worth $791,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Sealed Air in the 2nd quarter worth approximately $26,000. Fidelis Capital Partners LLC purchased a new position in shares of Sealed Air in the first quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Sealed Air in the second quarter worth approximately $34,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Sealed Air in the first quarter worth approximately $52,000. Finally, Covestor Ltd increased its position in shares of Sealed Air by 651.2% in the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Up 1.2 %

Shares of Sealed Air stock opened at $37.12 on Monday. Sealed Air Co. has a 1 year low of $28.50 and a 1 year high of $41.14. 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 company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 8.98 and a beta of 1.34. The business has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $35.31.

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

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, December 6th. Sealed Air’s payout ratio is currently 32.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SEE. 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. Morgan Stanley started coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. 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 report on Thursday. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.