Sealed Air Corporation $SEE Stock Position Increased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its position in Sealed Air Corporation (NYSE:SEE) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,016 shares of the industrial products company’s stock after purchasing an additional 775 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Sealed Air were worth $1,552,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Sealed Air by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company’s stock worth $108,000 after buying an additional 2,413 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Sealed Air by 7.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company’s stock worth $1,628,000 after acquiring an additional 3,664 shares during the period. Manning & Napier Advisors LLC boosted its position in Sealed Air by 200.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 60,000 shares of the industrial products company’s stock worth $1,734,000 after acquiring an additional 40,000 shares during the period. Russell Investments Group Ltd. boosted its position in Sealed Air by 9.4% during the 1st quarter. Russell Investments Group Ltd. now owns 105,651 shares of the industrial products company’s stock worth $3,053,000 after acquiring an additional 9,052 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Sealed Air by 43.1% during the 1st quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company’s stock worth $15,009,000 after acquiring an additional 156,309 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Down 3.4%

SEE stock opened at $33.76 on Friday. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The firm has a market cap of $4.97 billion, a PE ratio of 17.05, a P/E/G ratio of 2.63 and a beta of 1.36. The firm has a 50 day simple moving average of $32.75 and a 200 day simple moving average of $30.97. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.17. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Equities research analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.20 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Sealed Air’s dividend payout ratio (DPR) is 40.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEE shares. Royal Bank Of Canada set a $48.00 price objective on shares of Sealed Air and gave the company an “outperform” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 29th. Wells Fargo & Company increased their price objective on shares of Sealed Air from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Truist Financial upped their target price on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, UBS Group upped their target price on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.09.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.