Nordea Investment Management AB Raises Stock Position in Sealed Air Corporation $SEE

Nordea Investment Management AB increased its position in shares of Sealed Air Corporation (NYSE:SEE) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 459,490 shares of the industrial products company’s stock after buying an additional 14,915 shares during the period. Nordea Investment Management AB owned about 0.31% of Sealed Air worth $15,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SEE. Corient Private Wealth LLC lifted its holdings in shares of Sealed Air by 3.9% during the second quarter. Corient Private Wealth LLC now owns 11,432 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 431 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Sealed Air by 1.1% in the 2nd 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 lifted its holdings in shares of Sealed Air by 4.1% during the 1st quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 500 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Sealed Air by 0.7% during the second quarter. Texas Permanent School Fund Corp now owns 67,852 shares of the industrial products company’s stock valued at $2,105,000 after purchasing an additional 505 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Sealed Air by 3.6% during the 2nd 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. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of SEE stock opened at $41.78 on Friday. The stock has a 50-day moving average price of $41.55 and a 200 day moving average price of $35.81. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 13.56 and a beta of 1.36. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $44.27. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last announced 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 return on equity of 54.90% and a net margin of 8.52%.The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Research analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Analysts Set New Price Targets

SEE has been the topic of several research analyst reports. UBS Group increased their price target on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Baird R W lowered Sealed Air from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Raymond James Financial lowered Sealed Air from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. raised their price target on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sealed Air in a research note on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.