Annis Gardner Whiting Capital Advisors LLC Buys 32,309 Shares of Sealed Air Corporation $SEE

Annis Gardner Whiting Capital Advisors LLC raised its stake in Sealed Air Corporation (NYSE:SEE) by 170,047.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,328 shares of the industrial products company’s stock after acquiring an additional 32,309 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Sealed Air were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of SEE. Atlantic Union Bankshares Corp purchased a new position in Sealed Air in the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sealed Air by 383.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after buying an additional 664 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Sealed Air by 334.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after buying an additional 739 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Sealed Air during the 3rd quarter valued at $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sealed Air by 94.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 756 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 $41.89 on Thursday. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $44.27. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $6.17 billion, a PE ratio of 13.60 and a beta of 1.36. The firm’s 50 day simple moving average is $41.87 and its 200 day simple moving average is $36.43.

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

Analyst Ratings Changes

Several research firms have commented on SEE. Morgan Stanley upped their price objective on shares of Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Wall Street Zen cut shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Royal Bank Of Canada raised their price objective on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Mizuho boosted their target price on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Finally, Truist Financial increased their target price on Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.