Teacher Retirement System of Texas Has $1.98 Million Stock Position in Sealed Air Corporation $SEE

Teacher Retirement System of Texas grew its stake in Sealed Air Corporation (NYSE:SEE) by 72.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,875 shares of the industrial products company’s stock after buying an additional 23,563 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sealed Air were worth $1,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Impax Asset Management Group plc raised its holdings in shares of Sealed Air by 18.6% in the second quarter. Impax Asset Management Group plc now owns 680,824 shares of the industrial products company’s stock valued at $21,126,000 after purchasing an additional 106,627 shares during the last quarter. Alberta Investment Management Corp grew its position in Sealed Air by 43.3% in the second quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock valued at $70,975,000 after purchasing an additional 691,200 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Sealed Air in the 3rd quarter valued at $3,005,000. Atlas FRM LLC lifted its position in Sealed Air by 71.9% during the 2nd quarter. Atlas FRM LLC now owns 980,000 shares of the industrial products company’s stock worth $30,409,000 after buying an additional 410,000 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Sealed Air by 35.7% during the 3rd quarter. Sound Income Strategies LLC now owns 123,445 shares of the industrial products company’s stock worth $4,316,000 after buying an additional 32,466 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Performance

Shares of SEE stock opened at $41.85 on Friday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 13.59 and a beta of 1.36. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29. Sealed Air Corporation has a 52 week low of $22.78 and a 52 week high of $44.27. The company has a 50-day simple moving average of $41.85 and a 200 day simple moving average of $36.54.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. On average, sell-side analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

SEE has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Morgan Stanley upped their price objective 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. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. boosted their target price on shares of Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Mizuho increased their price target 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. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Sealed Air currently has an average 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.