Sealed Air (NYSE:SEE) Sees Strong Trading Volume – Here’s What Happened

Sealed Air Corporation (NYSE:SEE) shares saw unusually-high trading volume on Monday . Approximately 4,720,809 shares were traded during trading, an increase of 184% from the previous session’s volume of 1,663,137 shares.The stock last traded at $41.9450 and had previously closed at $43.28.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Royal Bank Of Canada boosted their target price on Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Mizuho lifted their price target on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Wells Fargo & Company boosted their price target on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Truist Financial reiterated a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of Sealed Air in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.83.

Sealed Air Stock Down 3.0%

The firm’s 50-day moving average price is $35.00 and its 200-day moving average price is $32.59. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.40 and a beta of 1.38.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Sell-side analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is presently 25.97%.

Institutional Trading of Sealed Air

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alberta Investment Management Corp acquired a new stake in shares of Sealed Air during the first quarter worth approximately $46,127,000. Ancora Advisors LLC boosted its holdings in Sealed Air by 81.1% during the third quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock valued at $121,513,000 after acquiring an additional 1,538,927 shares during the period. Norges Bank acquired a new stake in shares of Sealed Air in the second quarter valued at about $37,434,000. Invesco Ltd. increased its stake in shares of Sealed Air by 31.7% in the third quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock worth $168,078,000 after purchasing an additional 1,144,982 shares during the period. Finally, Jain Global LLC lifted its position in shares of Sealed Air by 9,266.3% during the 3rd quarter. Jain Global LLC now owns 683,930 shares of the industrial products company’s stock worth $24,177,000 after purchasing an additional 676,628 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

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.