Ieq Capital LLC Has $661,000 Holdings in Sealed Air Co. (NYSE:SEE)

Ieq Capital LLC lifted its stake in shares of Sealed Air Co. (NYSE:SEE) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,534 shares of the industrial products company’s stock after acquiring an additional 6,151 shares during the quarter. Ieq Capital LLC’s holdings in Sealed Air were worth $661,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SEE. Pacer Advisors Inc. bought a new stake in Sealed Air during the third quarter worth approximately $139,800,000. Swedbank AB lifted its stake in shares of Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock worth $78,678,000 after buying an additional 846,882 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sealed Air by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after buying an additional 12,559 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Sealed Air by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock valued at $58,587,000 after buying an additional 502,999 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its holdings in Sealed Air by 56.6% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after acquiring an additional 548,493 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Up 5.8 %

SEE opened at $33.99 on Wednesday. The company has a market capitalization of $4.95 billion, a P/E ratio of 12.50 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm’s fifty day moving average price is $34.14 and its two-hundred day moving average price is $34.90. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

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, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.35%. Sealed Air’s payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, January 10th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Truist Financial lifted their price target on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company reduced their price objective on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Morgan Stanley lowered their price objective on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.