Captrust Financial Advisors Cuts Holdings in Sealed Air Co. (NYSE:SEE)

Captrust Financial Advisors reduced its position in Sealed Air Co. (NYSE:SEE) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,325 shares of the industrial products company’s stock after selling 1,232 shares during the quarter. Captrust Financial Advisors’ holdings in Sealed Air were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after buying an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Sealed Air by 9.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock valued at $416,657,000 after purchasing an additional 1,081,848 shares during the period. Invesco Ltd. raised its position in Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after purchasing an additional 1,549,184 shares during the period. Swedbank AB raised its position in Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after purchasing an additional 846,882 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Sealed Air by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock valued at $74,583,000 after purchasing an additional 178,592 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at $1,050,000. This represents a 3.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Wells Fargo & Company raised 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, February 26th. Truist Financial cut their price objective on Sealed Air from $44.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. UBS Group raised Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, April 7th. Finally, Mizuho cut their price objective on Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Sealed Air Trading Up 1.9%

NYSE:SEE opened at $32.35 on Friday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a one year low of $22.78 and a one year high of $41.14. The business’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $32.42. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 11.89 and a beta of 1.35.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, March 14th. Sealed Air’s payout ratio is currently 39.60%.

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.