Vulcan Value Partners LLC Sells 359,288 Shares of Sealed Air Corporation $SEE

Vulcan Value Partners LLC cut its position in Sealed Air Corporation (NYSE:SEE) by 43.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 461,920 shares of the industrial products company’s stock after selling 359,288 shares during the period. Vulcan Value Partners LLC’s holdings in Sealed Air were worth $16,329,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SEE. Assetmark Inc. raised its holdings in Sealed Air by 0.6% in the 3rd quarter. Assetmark Inc. now owns 59,172 shares of the industrial products company’s stock worth $2,092,000 after acquiring an additional 331 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Sealed Air by 3.9% in the 2nd quarter. Corient Private Wealth LLC now owns 11,432 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 431 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Sealed Air by 4.1% in the first 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 last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Sealed Air by 0.7% during the second quarter. Texas Permanent School Fund Corp now owns 67,852 shares of the industrial products company’s stock valued at $2,105,000 after purchasing an additional 505 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Sealed Air by 4.5% during the third quarter. Bessemer Group Inc. now owns 13,437 shares of the industrial products company’s stock valued at $475,000 after buying an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SEE. Raymond James Financial cut shares of Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Wells Fargo & Company boosted their price objective on shares of Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Royal Bank Of Canada raised their target price on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sealed Air in a research report on Monday, December 29th. Finally, Wall Street Zen cut Sealed Air from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Trading Up 0.1%

Shares of SEE stock opened at $41.95 on Monday. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 13.62 and a beta of 1.35. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $44.27. The firm has a fifty day moving average price of $41.70 and a 200-day moving average price of $37.84.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.20 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s dividend payout ratio is presently 25.97%.

Sealed Air Company 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.