Thrivent Financial for Lutherans Sells 21,243 Shares of Sealed Air Corporation $SEE

Thrivent Financial for Lutherans lowered its stake in shares of Sealed Air Corporation (NYSE:SEE) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,604 shares of the industrial products company’s stock after selling 21,243 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Sealed Air worth $4,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Sealed Air during the 2nd quarter worth approximately $37,434,000. Alberta Investment Management Corp increased its holdings in shares of 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 worth $70,975,000 after buying an additional 691,200 shares during the last quarter. Bank of America Corp DE raised its position in shares of Sealed Air by 13.7% during the 2nd 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 buying an additional 507,067 shares in the last quarter. Brandes Investment Partners LP raised its position in Sealed Air by 30.1% during the second quarter. Brandes Investment Partners LP now owns 1,908,782 shares of the industrial products company’s stock valued at $59,230,000 after purchasing an additional 441,140 shares in the last quarter. Finally, Atlas FRM LLC raised its holdings in shares of Sealed Air by 71.9% during the 2nd quarter. Atlas FRM LLC now owns 980,000 shares of the industrial products company’s stock valued at $30,409,000 after buying an additional 410,000 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SEE. Truist Financial lifted their target price on shares of Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price (up previously from $43.80) on shares of Sealed Air in a report on Monday, November 17th. Robert W. Baird restated a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Wells Fargo & Company upped their target price on shares of Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Morgan Stanley upped their price target 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 research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and an average target price of $43.42.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $41.82 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 13.58 and a beta of 1.35. The business has a 50-day simple moving average of $41.72 and a two-hundred day simple moving average of $36.95. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $44.27.

Sealed Air 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.