Wolverine Asset Management LLC Makes New $3.01 Million Investment in Sealed Air Corporation $SEE

Wolverine Asset Management LLC bought a new stake in Sealed Air Corporation (NYSE:SEE) during the 3rd quarter, Holdings Channel.com reports. The firm bought 85,000 shares of the industrial products company’s stock, valued at approximately $3,005,000.

Other hedge funds also recently made changes to their positions in the company. Avantra Family Wealth Inc. bought a new position in Sealed Air in the third quarter valued at $414,000. Manning & Napier Advisors LLC increased its stake in shares of Sealed Air by 130.3% during the 3rd quarter. Manning & Napier Advisors LLC now owns 138,161 shares of the industrial products company’s stock worth $4,884,000 after purchasing an additional 78,161 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Sealed Air by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 25,173 shares of the industrial products company’s stock valued at $890,000 after buying an additional 1,397 shares during the period. Nordea Investment Management AB boosted its position in Sealed Air by 3.4% during the third quarter. Nordea Investment Management AB now owns 459,490 shares of the industrial products company’s stock worth $15,862,000 after purchasing an additional 14,915 shares during the period. Finally, First Horizon Corp acquired a new position in shares of Sealed Air in the third quarter valued at $148,000. 94.40% of the stock is owned by institutional investors.

Sealed Air Price Performance

Sealed Air stock opened at $41.75 on Friday. The firm has a market cap of $6.14 billion, a PE ratio of 13.56 and a beta of 1.36. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. The stock’s fifty day moving average price is $41.65 and its two-hundred day moving average price is $35.88. Sealed Air Corporation has a one year low of $22.78 and a one year high of $44.27.

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

Wall Street Analysts Forecast Growth

SEE has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada lifted their price target on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Raymond James Financial cut Sealed Air from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.42.

About Sealed Air

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.