Squarepoint Ops LLC Takes Position in Sealed Air Corporation $SEE

Squarepoint Ops LLC bought a new position in shares of Sealed Air Corporation (NYSE:SEE) in the second quarter, Holdings Channel reports. The firm bought 28,884 shares of the industrial products company’s stock, valued at approximately $896,000.

A number of other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Sealed Air by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock valued at $1,405,000 after purchasing an additional 482 shares in the last quarter. Empowered Funds LLC boosted its stake in Sealed Air by 4.1% in the 1st quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 500 shares during the period. Park Avenue Securities LLC increased its holdings in Sealed Air by 3.6% during the 2nd quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 566 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Sealed Air by 2.2% in the 2nd quarter. Brighton Jones LLC now owns 28,551 shares of the industrial products company’s stock valued at $886,000 after purchasing an additional 626 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Sealed Air by 14.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 5,216 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 652 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Performance

NYSE SEE opened at $41.25 on Tuesday. The firm has a market capitalization of $6.07 billion, a P/E ratio of 13.39 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34. The firm’s fifty day moving average price is $39.09 and its two-hundred day moving average price is $34.58. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $44.27.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, research analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.20 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 1.9%. Sealed Air’s dividend payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

SEE has been the subject of a number of research reports. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday. Mizuho raised their price target on shares of Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Wells Fargo & Company boosted their price objective on shares of Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Morgan Stanley raised their target price on shares of Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.77.

Sealed Air Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.