Sealed Air (NYSE:SEE) Sees Strong Trading Volume – Should You Buy?

Shares of Sealed Air Corporation (NYSE:SEE) saw strong trading volume on Wednesday . 4,360,824 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 1,933,309 shares.The stock last traded at $41.3050 and had previously closed at $41.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday. UBS Group raised their target price on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on shares of Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Truist Financial reissued a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Sealed Air in a research note on Wednesday, November 5th. Finally, Mizuho lifted their price target on Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and a consensus target price of $42.77.

Sealed Air Stock Up 0.2%

The company’s 50 day simple moving average is $39.23 and its 200-day simple moving average is $34.65. The firm has a market cap of $6.08 billion, a P/E ratio of 13.42 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.19. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations 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 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 announced 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 of this dividend 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 currently 25.97%.

Institutional Investors Weigh In On Sealed Air

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp purchased a new position in shares of Sealed Air during the 2nd quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised 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 purchasing an additional 664 shares during the period. Johnson Financial Group Inc. purchased a new position in Sealed Air during the third quarter valued at $27,000. Parkside Financial Bank & Trust grew its holdings in Sealed Air by 334.4% during the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 739 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in Sealed Air in the third quarter worth about $45,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

About Sealed Air

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.