Wealthspire Advisors LLC Sells 3,358 Shares of Sealed Air Co. (NYSE:SEE)

Wealthspire Advisors LLC cut its holdings in Sealed Air Co. (NYSE:SEE) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,172 shares of the industrial products company’s stock after selling 3,358 shares during the quarter. Wealthspire Advisors LLC’s holdings in Sealed Air were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC grew its stake in shares of Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sealed Air during the 4th quarter valued at approximately $45,000. GAMMA Investing LLC boosted its position in Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 907 shares in the last quarter. Acuitas Investments LLC boosted its position in Sealed Air by 64.3% during the 4th quarter. Acuitas Investments LLC now owns 2,300 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 900 shares in the last quarter. Finally, Quarry LP boosted its position in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 311 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

SEE stock opened at $33.04 on Friday. The stock’s 50 day simple moving average is $34.11 and its 200 day simple moving average is $34.88. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14. The stock has a market capitalization of $4.81 billion, a PE ratio of 12.15 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue was down .4% on a year-over-year basis. As a group, research analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s payout ratio is presently 44.20%.

Analyst Upgrades and Downgrades

SEE has been the topic of several research reports. Truist Financial lifted their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Mizuho cut their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

About Sealed Air

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.