Vulcan Value Partners LLC Sells 359,288 Shares of Sealed Air Corporation $SEE

Vulcan Value Partners LLC decreased its position in Sealed Air Corporation (NYSE:SEE) by 43.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,920 shares of the industrial products company’s stock after selling 359,288 shares during the quarter. Vulcan Value Partners LLC owned approximately 0.31% of Sealed Air worth $16,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SEE. Atlantic Union Bankshares Corp bought a new stake in shares of Sealed Air in the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after buying an additional 664 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Sealed Air by 334.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after buying an additional 739 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Sealed Air during the third quarter valued at approximately $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sealed Air by 94.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 756 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SEE. Wall Street Zen downgraded shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price (up previously from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sealed Air in a research report on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Truist Financial lifted their price objective on Sealed Air from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.42.

Sealed Air Stock Up 0.1%

Shares of Sealed Air stock opened at $41.95 on Monday. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $44.27. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. The company has a 50-day moving average of $41.70 and a 200 day moving average of $37.84. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 13.62 and a beta of 1.35.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s payout ratio is presently 25.97%.

Sealed Air Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.