Rehmann Capital Advisory Group Purchases New Holdings in Sealed Air Co. (NYSE:SEE)

Rehmann Capital Advisory Group purchased a new stake in shares of Sealed Air Co. (NYSE:SEE – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,502 shares of the industrial products company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund increased its position in Sealed Air by 4.3% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,204 shares of the industrial products company’s stock worth $232,000 after buying an additional 213 shares during the last quarter. Whittier Trust Co. grew its holdings in Sealed Air by 54.2% during the 4th quarter. Whittier Trust Co. now owns 666 shares of the industrial products company’s stock valued at $33,000 after buying an additional 234 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of Sealed Air by 3.0% during the fourth quarter. Congress Asset Management Co. MA now owns 8,557 shares of the industrial products company’s stock valued at $427,000 after buying an additional 252 shares during the period. Congress Wealth Management LLC DE lifted its holdings in shares of Sealed Air by 3.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 7,681 shares of the industrial products company’s stock worth $383,000 after buying an additional 252 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Sealed Air by 17.6% in the fourth quarter. CWM LLC now owns 1,722 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 258 shares during the period. 89.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SEE. StockNews.com began coverage on shares of Sealed Air in a research report on Thursday, May 18th. They issued a “hold” rating for the company. UBS Group upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, April 5th. Citigroup raised their price objective on shares of Sealed Air from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. Royal Bank of Canada cut their price objective on shares of Sealed Air from $58.00 to $54.00 in a research report on Thursday, May 4th. Finally, Morgan Stanley lowered shares of Sealed Air from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $60.00 to $48.00 in a research report on Tuesday, May 9th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.27.

Sealed Air Trading Down 1.7 %

SEE stock opened at $40.22 on Friday. The company has a market capitalization of $5.81 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 4.82 and a beta of 1.23. Sealed Air Co. has a one year low of $39.92 and a one year high of $64.07. The company’s 50 day moving average price is $44.52 and its two-hundred day moving average price is $48.66. The company has a debt-to-equity ratio of 13.39, a quick ratio of 0.64 and a current ratio of 1.19.

Sealed Air (NYSE:SEE – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a return on equity of 196.19% and a net margin of 7.25%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. As a group, analysts predict that Sealed Air Co. will post 3.57 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, June 8th. Sealed Air’s dividend payout ratio (DPR) is currently 28.88%.

Sealed Air Company Profile

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.