Sealed Air Corporation $SEE Shares Acquired by Searle & CO.

Searle & CO. raised its stake in shares of Sealed Air Corporation (NYSE:SEE) by 388.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,418 shares of the industrial products company’s stock after purchasing an additional 31,348 shares during the period. Searle & CO.’s holdings in Sealed Air were worth $1,393,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SEE. Brighton Jones LLC purchased a new stake in shares of Sealed Air during the 4th quarter valued at $737,000. Royal Bank of Canada boosted its holdings in Sealed Air by 21.4% in the first quarter. Royal Bank of Canada now owns 118,808 shares of the industrial products company’s stock valued at $3,434,000 after acquiring an additional 20,925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 acquiring an additional 756 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Sealed Air during the first quarter worth about $201,000. Finally, United Services Automobile Association purchased a new position in shares of Sealed Air in the 1st quarter worth about $272,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

NYSE:SEE opened at $41.85 on Friday. The firm has a 50-day moving average of $41.85 and a two-hundred day moving average of $36.54. 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 has a market cap of $6.16 billion, a P/E ratio of 13.59 and a beta of 1.36. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $44.27.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The business 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. On average, research analysts expect that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SEE has been the subject of a number of research reports. Raymond James Financial cut Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Robert W. Baird reiterated a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Wall Street Zen downgraded shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Wells Fargo & Company lifted their target price on shares of Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Morgan Stanley increased their price target on Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.