New York State Teachers Retirement System Sells 15,569 Shares of Sealed Air Corporation $SEE

New York State Teachers Retirement System cut its stake in shares of Sealed Air Corporation (NYSE:SEE) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 owned approximately 0.11% of Sealed Air worth $5,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SEE. Impax Asset Management Group plc grew its holdings in Sealed Air by 18.6% during the 2nd quarter. Impax Asset Management Group plc now owns 680,824 shares of the industrial products company’s stock worth $21,126,000 after acquiring an additional 106,627 shares during the period. Alberta Investment Management Corp boosted its position in shares of Sealed Air by 43.3% during the 2nd quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock valued at $70,975,000 after purchasing an additional 691,200 shares in the last quarter. Atlas FRM LLC grew its stake in Sealed Air by 71.9% during the second quarter. Atlas FRM LLC now owns 980,000 shares of the industrial products company’s stock worth $30,409,000 after purchasing an additional 410,000 shares during the period. Legal & General Group Plc increased its holdings in Sealed Air by 4.3% in the second quarter. Legal & General Group Plc now owns 413,651 shares of the industrial products company’s stock worth $12,836,000 after purchasing an additional 16,864 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Sealed Air by 0.5% in the second quarter. Geode Capital Management LLC now owns 2,453,216 shares of the industrial products company’s stock valued at $76,137,000 after buying an additional 12,909 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Down 0.0%

SEE opened at $41.75 on Friday. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $44.27. The firm has a market capitalization 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 company’s 50-day moving average is $41.65 and its 200 day moving average is $35.88.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, research analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SEE has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Royal Bank Of Canada raised their price target on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Mizuho upped their price objective on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Baird R W cut shares of Sealed Air from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Morgan Stanley boosted their target price on Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and a consensus target price of $43.42.

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.