New York State Teachers Retirement System Lowers Stock Position in Sealed Air Corporation $SEE

New York State Teachers Retirement System cut its position in shares of Sealed Air Corporation (NYSE:SEE) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,442 shares of the industrial products company’s stock after selling 15,569 shares during the quarter. New York State Teachers Retirement System’s holdings in Sealed Air were worth $5,495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Sealed Air in the 2nd quarter worth approximately $37,434,000. Alberta Investment Management Corp lifted its holdings in Sealed Air by 43.3% during the second quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock worth $70,975,000 after acquiring an additional 691,200 shares during the period. Bank of America Corp DE lifted its holdings in Sealed Air by 13.7% during the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock worth $130,963,000 after acquiring an additional 507,067 shares during the period. Brandes Investment Partners LP boosted its position in Sealed Air by 30.1% in the second quarter. Brandes Investment Partners LP now owns 1,908,782 shares of the industrial products company’s stock worth $59,230,000 after purchasing an additional 441,140 shares during the last quarter. Finally, Atlas FRM LLC grew its stake in Sealed Air by 71.9% in the 2nd quarter. Atlas FRM LLC now owns 980,000 shares of the industrial products company’s stock valued at $30,409,000 after purchasing an additional 410,000 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

SEE has been the topic of a number of recent analyst reports. Mizuho lifted their target price on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Wells Fargo & Company boosted their target price on shares of Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Raymond James Financial lowered shares of Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Finally, Truist Financial lifted their price target on shares of Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Trading Down 0.0%

Shares of Sealed Air stock opened at $41.75 on Friday. The company’s 50-day moving average price is $41.65 and its 200-day moving average price is $35.88. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34. Sealed Air Corporation has a 12-month low of $22.78 and a 12-month high of $44.27. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 13.56 and a beta of 1.36.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.The company 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. On average, equities analysts expect that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

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.