Mount Yale Investment Advisors LLC Buys 8,188 Shares of Sealed Air Co. (NYSE:SEE)

Mount Yale Investment Advisors LLC lifted its position in Sealed Air Co. (NYSE:SEE) by 29.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 36,176 shares of the industrial products company’s stock after acquiring an additional 8,188 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Sealed Air were worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SEE. CVA Family Office LLC bought a new stake in Sealed Air in the 4th quarter worth about $27,000. Fidelis Capital Partners LLC purchased a new position in shares of Sealed Air in the 1st quarter worth approximately $31,000. Allspring Global Investments Holdings LLC bought a new position in shares of Sealed Air in the first quarter valued at approximately $52,000. Signaturefd LLC increased its position in shares of Sealed Air by 43.2% during the fourth quarter. Signaturefd LLC now owns 1,531 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 462 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Sealed Air by 651.2% during the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Up 0.3 %

Shares of NYSE SEE traded up $0.12 on Monday, reaching $37.81. 1,010,993 shares of the company’s stock traded hands, compared to its average volume of 1,491,926. The business’s 50 day simple moving average is $36.64 and its two-hundred day simple moving average is $35.72. Sealed Air Co. has a 12 month low of $28.50 and a 12 month high of $46.35. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 4.61 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 7.49.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, equities research analysts forecast that Sealed Air Co. will post 2.86 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, September 13th. Sealed Air’s payout ratio is 32.13%.

Analyst Ratings Changes

SEE has been the subject of a number of recent analyst reports. Royal Bank of Canada downgraded Sealed Air from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $43.00 to $40.00 in a research note on Friday, July 19th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Citigroup dropped their target price on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Stifel Nicolaus started coverage on shares of Sealed Air in a research note on Tuesday, July 9th. They set a “buy” rating and a $47.00 price target for the company. Finally, Truist Financial reiterated a “buy” rating and issued a $44.00 price objective on shares of Sealed Air in a research note on Monday, June 17th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.33.

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.