Qsemble Capital Management LP Has $1.24 Million Stock Position in Sealed Air Co. (NYSE:SEE)

Qsemble Capital Management LP raised its holdings in Sealed Air Co. (NYSE:SEE) by 388.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,242 shares of the industrial products company’s stock after purchasing an additional 27,228 shares during the quarter. Qsemble Capital Management LP’s holdings in Sealed Air were worth $1,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in shares of Sealed Air in the 3rd quarter valued at approximately $139,800,000. Swedbank AB bought a new stake in Sealed Air in the third quarter valued at approximately $53,681,000. Millennium Management LLC lifted its holdings in Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after buying an additional 1,136,985 shares during the period. Appian Way Asset Management LP boosted its position in Sealed Air by 68.1% during the second quarter. Appian Way Asset Management LP now owns 1,349,857 shares of the industrial products company’s stock valued at $46,962,000 after acquiring an additional 546,701 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Sealed Air by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock worth $58,587,000 after acquiring an additional 502,999 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

NYSE SEE opened at $35.95 on Wednesday. The company has a fifty day moving average price of $35.74 and a 200-day moving average price of $35.85. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 5.06 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. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. As a group, equities research analysts predict that Sealed Air Co. will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s payout ratio is 29.41%.

Analyst Ratings Changes

SEE has been the topic of a number of recent analyst reports. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Jefferies Financial Group cut shares of Sealed Air from a “buy” rating to a “hold” rating and reduced their price target for the stock from $47.00 to $35.00 in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.