Sealed Air Co. (NYSE:SEE) Shares Sold by Atlas Financial Advisors Inc.

Atlas Financial Advisors Inc. trimmed its stake in Sealed Air Co. (NYSE:SEE) by 8.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,720 shares of the industrial products company’s stock after selling 619 shares during the period. Sealed Air accounts for approximately 0.4% of Atlas Financial Advisors Inc.’s portfolio, making the stock its 29th biggest position. Atlas Financial Advisors Inc.’s holdings in Sealed Air were worth $234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Isthmus Partners LLC grew its position in shares of Sealed Air by 4.6% during the first quarter. Isthmus Partners LLC now owns 7,395 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 322 shares during the last quarter. Quadrant Capital Group LLC increased its position in Sealed Air by 36.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,224 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 598 shares during the period. MADDEN SECURITIES Corp raised its stake in shares of Sealed Air by 9.1% during the second quarter. MADDEN SECURITIES Corp now owns 7,210 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 600 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Sealed Air by 7.9% during the first quarter. UMB Bank n.a. now owns 8,294 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 607 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Sealed Air by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 63,763 shares of the industrial products company’s stock valued at $2,329,000 after buying an additional 620 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price 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. Morgan Stanley assumed coverage on Sealed Air in a research report on Wednesday. They set an “equal weight” rating and a $39.00 target price on the stock. Jefferies Financial Group cut Sealed Air from a “buy” rating to a “hold” rating and reduced their price target for the company from $47.00 to $35.00 in a report on Friday, August 9th. Mizuho upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $50.00 in a research report on Thursday, June 6th. Finally, UBS Group reduced their price objective on shares of Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.82.

Sealed Air Price Performance

SEE stock opened at $33.77 on Friday. Sealed Air Co. has a 1 year low of $28.50 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.79 and a current ratio of 1.30. The stock’s 50 day moving average price is $34.98 and its 200 day moving average price is $35.50. The firm has a market cap of $4.92 billion, a P/E ratio of 13.56, a PEG ratio of 8.84 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, sell-side analysts expect that Sealed Air Co. will post 2.93 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, September 13th. Sealed Air’s payout ratio is 32.13%.

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.