Teacher Retirement System of Texas Acquires 23,563 Shares of Sealed Air Corporation $SEE

Teacher Retirement System of Texas lifted its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 72.9% during the 3rd quarter, Holdings Channel reports. The firm owned 55,875 shares of the industrial products company’s stock after purchasing an additional 23,563 shares during the period. Teacher Retirement System of Texas’ holdings in Sealed Air were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SEE. Bank of America Corp DE raised its stake in Sealed Air by 13.7% in the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after purchasing an additional 507,067 shares in the last quarter. Geode Capital Management LLC grew its stake in Sealed Air by 0.5% during the second quarter. Geode Capital Management LLC now owns 2,453,216 shares of the industrial products company’s stock worth $76,137,000 after buying an additional 12,909 shares in the last quarter. Alberta Investment Management Corp increased its holdings in Sealed Air by 43.3% in 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 buying an additional 691,200 shares during the period. Brandes Investment Partners LP raised its position in shares of Sealed Air by 30.1% in the 2nd quarter. Brandes Investment Partners LP now owns 1,908,782 shares of the industrial products company’s stock valued at $59,230,000 after buying an additional 441,140 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of Sealed Air by 12.7% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,674,956 shares of the industrial products company’s stock worth $51,974,000 after acquiring an additional 188,823 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Trading Down 0.0%

Shares of SEE stock opened at $41.85 on Friday. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $44.27. The stock’s fifty day simple moving average is $41.85 and its 200 day simple moving average is $36.54. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $6.16 billion, a P/E ratio of 13.59 and a beta of 1.36.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on SEE shares. Mizuho lifted their price objective on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $42.00 price target (down previously from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Wells Fargo & Company boosted their price target on Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley boosted their target price on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.42.

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.