Luminus Management LLC Has $17.65 Million Holdings in Sealed Air Corporation $SEE

Luminus Management LLC lifted its position in shares of Sealed Air Corporation (NYSE:SEE) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 499,161 shares of the industrial products company’s stock after purchasing an additional 65,357 shares during the quarter. Sealed Air comprises 15.9% of Luminus Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Luminus Management LLC owned approximately 0.34% of Sealed Air worth $17,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position 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 buying an additional 431 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Sealed Air by 1.1% during the second 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 acquiring an additional 482 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of 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 in the last quarter. Texas Permanent School Fund Corp raised its position in Sealed Air by 0.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 67,852 shares of the industrial products company’s stock worth $2,105,000 after buying an additional 505 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Sealed Air by 3.6% in the second quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 566 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SEE. Mizuho upped their price target on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. Truist Financial reaffirmed a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Sealed Air in a research note on Wednesday, November 5th. Royal Bank Of Canada boosted their target price on shares of Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company lifted 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.83.

Sealed Air Stock Performance

SEE stock opened at $42.06 on Tuesday. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $44.27. The business has a 50-day moving average price of $38.40 and a 200 day moving average price of $34.25. The company has a market capitalization of $6.19 billion, a P/E ratio of 13.65 and a beta of 1.35. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75.

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

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is currently 25.97%.

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.