VIRGINIA RETIREMENT SYSTEMS ET Al Invests $462,000 in Sealed Air Corporation $SEE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Sealed Air Corporation (NYSE:SEE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 14,900 shares of the industrial products company’s stock, valued at approximately $462,000.

Several other large investors have also recently modified their holdings of the stock. Burney Co. increased its holdings in shares of Sealed Air by 4.1% in the first quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock worth $356,000 after buying an additional 481 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Sealed Air by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock worth $1,405,000 after buying an additional 482 shares during the period. Empowered Funds LLC increased its holdings in shares of Sealed Air by 4.1% in the first quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock worth $363,000 after buying an additional 500 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Sealed Air by 3.6% in the second quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company’s stock worth $503,000 after buying an additional 566 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Sealed Air by 7.2% in the first quarter. Xponance Inc. now owns 8,549 shares of the industrial products company’s stock worth $247,000 after buying an additional 577 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Sealed Air stock opened at $34.85 on Friday. The stock’s 50 day simple moving average is $33.70 and its two-hundred day simple moving average is $31.50. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.48 and a beta of 1.36. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.17. The business 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 business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, analysts expect that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Sealed Air’s dividend payout ratio is presently 40.40%.

Analysts Set New Price Targets

Several research firms have recently commented on SEE. Royal Bank Of Canada set a $48.00 price objective on Sealed Air and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Truist Financial raised their target price on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Mizuho raised their target price on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. UBS Group raised their target price on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sealed Air in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.09.

Sealed Air Company Profile

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.