Sealed Air Co. (NYSE:SEE) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI decreased its position in Sealed Air Co. (NYSE:SEE) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,386 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Sealed Air were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEE. Quarry LP raised its holdings in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after buying an additional 311 shares during the period. Arizona State Retirement System lifted its holdings in shares of Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after acquiring an additional 348 shares in the last quarter. Choreo LLC increased its holdings in Sealed Air by 3.7% in the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 351 shares in the last quarter. Metis Global Partners LLC raised its position in Sealed Air by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 375 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 377 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Price Performance

Shares of NYSE SEE opened at $31.93 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 11.74 and a beta of 1.32. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14. The business has a 50 day simple moving average of $33.89 and a 200-day simple moving average of $34.87.

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

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s dividend payout ratio (DPR) is 44.20%.

Analysts Set New Price Targets

SEE has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley decreased 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 research note on Monday, January 13th. UBS Group lifted their price target on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sealed Air presently has an average rating of “Moderate Buy” and a consensus price target of $40.17.

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.