QSM Asset Management Ltd Lowers Stock Position in Sealed Air Corporation $SEE

QSM Asset Management Ltd decreased its position in Sealed Air Corporation (NYSE:SEE) by 20.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,616 shares of the industrial products company’s stock after selling 31,039 shares during the period. Sealed Air comprises 2.9% of QSM Asset Management Ltd’s investment portfolio, making the stock its 16th biggest position. QSM Asset Management Ltd’s holdings in Sealed Air were worth $4,075,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Sealed Air by 13.7% during the 2nd quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock worth $130,963,000 after acquiring an additional 507,067 shares in the last quarter. Swedbank AB raised its holdings in Sealed Air by 9.8% in the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock worth $79,208,000 after purchasing an additional 226,933 shares during the period. Geode Capital Management LLC raised its holdings in Sealed Air by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 2,453,216 shares of the industrial products company’s stock worth $76,137,000 after purchasing an additional 12,909 shares during the period. Alberta Investment Management Corp boosted its position in Sealed Air by 43.3% during the second quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock worth $70,975,000 after purchasing an additional 691,200 shares in the last quarter. Finally, Brandes Investment Partners LP grew its holdings in Sealed Air by 30.1% in the second quarter. Brandes Investment Partners LP now owns 1,908,782 shares of the industrial products company’s stock valued at $59,230,000 after purchasing an additional 441,140 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SEE. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research report on Monday, November 17th. Morgan Stanley lifted their price target on shares of Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Wells Fargo & Company upped their price objective on shares of Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sealed Air in a report on Monday. Finally, Wall Street Zen lowered shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.77.

Sealed Air Stock Up 1.0%

NYSE SEE opened at $41.65 on Friday. The business has a fifty day moving average price of $39.52 and a 200 day moving average price of $34.74. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29. The company has a market cap of $6.13 billion, a P/E ratio of 13.52 and a beta of 1.35. Sealed Air Corporation has a one year low of $22.78 and a one year high of $44.27.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Research analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.20 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s dividend 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.