Sequoia Financial Advisors LLC Has $444,000 Position in Sealed Air Co. (NYSE:SEE)

Sequoia Financial Advisors LLC lifted its position in shares of Sealed Air Co. (NYSE:SEE) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,167 shares of the industrial products company’s stock after acquiring an additional 894 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sealed Air were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SEE. BlackRock Inc. lifted its stake in Sealed Air by 13.7% during the first quarter. BlackRock Inc. now owns 24,679,011 shares of the industrial products company’s stock worth $1,133,013,000 after purchasing an additional 2,965,808 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sealed Air by 0.5% in the third quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock valued at $553,809,000 after buying an additional 92,114 shares in the last quarter. State Street Corp grew its position in Sealed Air by 1.2% in the second quarter. State Street Corp now owns 6,191,143 shares of the industrial products company’s stock valued at $247,646,000 after acquiring an additional 75,359 shares during the last quarter. Invesco Ltd. raised its stake in Sealed Air by 70.1% during the third quarter. Invesco Ltd. now owns 5,238,340 shares of the industrial products company’s stock worth $172,132,000 after acquiring an additional 2,159,143 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Sealed Air by 7.8% in the first quarter. Bank of America Corp DE now owns 3,261,503 shares of the industrial products company’s stock worth $149,736,000 after acquiring an additional 237,391 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE stock opened at $31.13 on Thursday. The stock has a market capitalization of $4.53 billion, a PE ratio of 13.19, a PEG ratio of 2.63 and a beta of 1.28. The business’s 50 day simple moving average is $35.25 and its 200 day simple moving average is $34.28. The company has a debt-to-equity ratio of 8.21, a current ratio of 1.30 and a quick ratio of 0.79. Sealed Air Co. has a one year low of $28.50 and a one year high of $48.44.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.26. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Sealed Air’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, research analysts forecast that Sealed Air Co. will post 2.85 earnings per share for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio is 33.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho decreased their price target on shares of Sealed Air from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Wells Fargo & Company upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $35.00 to $43.00 in a research note on Thursday, January 11th. Wolfe Research started coverage on Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Truist Financial upgraded Sealed Air from a “hold” rating to a “buy” rating and increased their target price for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.18.

Sealed Air 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.