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

Wolverine Asset Management LLC bought a new stake in Sealed Air Corporation (NYSE:SEE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,000 shares of the industrial products company’s stock, valued at approximately $3,005,000. Wolverine Asset Management LLC owned about 0.06% of Sealed Air at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SEE. Avantra Family Wealth Inc. bought a new position in Sealed Air in the 3rd quarter valued at $414,000. Manning & Napier Advisors LLC increased its position in Sealed Air by 130.3% in the 3rd quarter. Manning & Napier Advisors LLC now owns 138,161 shares of the industrial products company’s stock valued at $4,884,000 after acquiring an additional 78,161 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of 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 worth $890,000 after acquiring an additional 1,397 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of 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 valued at $15,862,000 after purchasing an additional 14,915 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Sealed Air in the third quarter valued at approximately $148,000. 94.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sealed Air in a research note on Monday, December 29th. 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. Robert W. Baird restated a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Finally, UBS Group lifted their target price on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Stock Down 0.0%

NYSE:SEE opened at $41.75 on Friday. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $44.27. The stock has a 50-day moving average price of $41.65 and a two-hundred day moving average price of $35.88. The stock 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 current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34.

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

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.