Sealed Air Corporation $SEE Holdings Raised by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC boosted its stake in Sealed Air Corporation (NYSE:SEE) by 130.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,161 shares of the industrial products company’s stock after buying an additional 78,161 shares during the period. Manning & Napier Advisors LLC owned 0.09% of Sealed Air worth $4,884,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SEE. Atlantic Union Bankshares Corp acquired a new stake in shares of Sealed Air in the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sealed Air by 383.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 664 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 739 shares during the period. Salomon & Ludwin LLC bought a new position in Sealed Air during the 3rd quarter valued at $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 valued at $45,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE opened at $41.85 on Thursday. Sealed Air Corporation has a one year low of $22.78 and a one year high of $44.27. The company has a 50-day moving average of $41.45 and a two-hundred day moving average of $35.76. The stock has a market cap 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 current ratio of 1.29 and a quick ratio of 0.75.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective (up previously from $43.80) on shares of Sealed Air in a report on Monday, November 17th. Citigroup boosted their price target on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Royal Bank Of Canada raised their price objective on shares of Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Robert W. Baird reiterated a “neutral” rating and issued a $42.00 target price (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Finally, Baird R W cut shares of Sealed Air from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.42.

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.