Locust Wood Capital Advisers LLC Takes $789,000 Position in Sealed Air Corporation $SEE

Locust Wood Capital Advisers LLC bought a new position in shares of Sealed Air Corporation (NYSE:SEE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,315 shares of the industrial products company’s stock, valued at approximately $789,000.

Several other institutional investors also recently modified their holdings of SEE. Atlantic Union Bankshares Corp bought a new position in shares of Sealed Air during the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sealed Air by 383.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after buying an additional 664 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 739 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Sealed Air during the 3rd quarter valued at approximately $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sealed Air by 94.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 756 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SEE has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective (up previously from $43.80) on shares of Sealed Air in a report on Monday, November 17th. Morgan Stanley upped their price target on shares of Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sealed Air in a research note on Monday, December 29th. Raymond James Financial lowered Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Finally, Mizuho boosted their target price on shares of Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Stock Up 0.1%

Shares of NYSE SEE opened at $41.76 on Thursday. The company’s 50-day simple moving average is $41.94 and its 200-day simple moving average is $36.10. Sealed Air Corporation has a 52-week low of $22.78 and a 52-week high of $44.27. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 13.56 and a beta of 1.36. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping 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 analyst estimates of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Equities analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air 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.