Syquant Capital Sas Purchases Shares of 640,400 Sealed Air Corporation $SEE

Syquant Capital Sas acquired a new stake in Sealed Air Corporation (NYSE:SEE) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 640,400 shares of the industrial products company’s stock, valued at approximately $26,532,000. Sealed Air accounts for 3.2% of Syquant Capital Sas’ portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of SEE. Invesco Ltd. boosted its position in Sealed Air by 31.7% in the third quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock valued at $168,078,000 after buying an additional 1,144,982 shares during the last quarter. Bank of America Corp DE raised its position in 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 buying an additional 507,067 shares during the last quarter. Ancora Advisors LLC raised its position in Sealed Air by 81.1% during the 3rd quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock worth $121,513,000 after buying an additional 1,538,927 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Sealed Air by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,900,066 shares of the industrial products company’s stock valued at $102,513,000 after acquiring an additional 137,699 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Sealed Air by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 2,798,654 shares of the industrial products company’s stock valued at $98,932,000 after acquiring an additional 57,511 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SEE. Robert W. Baird reiterated a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Raymond James Financial lowered shares of Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Truist Financial increased their price target on Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sealed Air in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Sealed Air has an average rating of “Moderate Buy” and a consensus target price of $44.09.

Sealed Air Trading Down 0.1%

Shares of Sealed Air stock opened at $42.00 on Friday. The firm has a 50-day simple moving average of $41.89 and a two-hundred day simple moving average of $39.51. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $44.27. The company has a market cap of $6.19 billion, a P/E ratio of 12.24 and a beta of 1.35.

Sealed Air (NYSE:SEE) last posted its earnings results on Monday, March 2nd. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a return on equity of 47.21% and a net margin of 9.43%.The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. As a group, equities analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.20 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Sealed Air’s payout ratio is 23.32%.

Sealed Air Company 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.