Jump Financial LLC Sells 51,275 Shares of Sealed Air Co. (NYSE:SEE)

21 Apr 2025, 06:10 by Renee Jackson · The Cerbat Gem

Jump Financial LLC reduced its position in shares of Sealed Air Co. (NYSE:SEE – Free Report) by 61.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,572 shares of the industrial products company’s stock after selling 51,275 shares during the quarter. Jump Financial LLC’s holdings in Sealed Air were worth $1,102,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after acquiring an additional 2,754,395 shares during the last quarter. Invesco Ltd. boosted its position in shares of Sealed Air by 69.2% during the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after buying an additional 1,549,184 shares during the last quarter. Norges Bank bought a new stake in Sealed Air in the 4th quarter worth about $50,562,000. Victory Capital Management Inc. raised its position in Sealed Air by 84.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company’s stock worth $68,182,000 after buying an additional 920,000 shares during the last quarter. Finally, Swedbank AB lifted its stake in Sealed Air by 57.3% during the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after acquiring an additional 846,882 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEE. UBS Group raised shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday, April 7th. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley cut their price objective on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 price target on Sealed Air in a research note on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.42.

Read Our Latest Stock Report on SEE

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Sealed Air Stock Performance

NYSE:SEE opened at $26.40 on Monday. The stock has a 50-day moving average price of $29.74 and a 200 day moving average price of $33.33. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12-month low of $22.78 and a 12-month high of $41.14. The stock has a market capitalization of $3.85 billion, a P/E ratio of 9.71 and a beta of 1.35.

Sealed Air (NYSE:SEE – Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Equities research analysts forecast that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, March 14th. Sealed Air’s dividend payout ratio is presently 44.20%.

About Sealed Air

(Free Report)

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.