Sealed Air Co. (NYSE:SEE) Stock Position Raised by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its holdings in Sealed Air Co. (NYSE:SEE) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,832 shares of the industrial products company’s stock after acquiring an additional 330 shares during the period. New York State Teachers Retirement System owned about 0.11% of Sealed Air worth $5,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new position in shares of Sealed Air in the third quarter worth $139,800,000. Swedbank AB lifted its stake in Sealed Air by 57.3% in the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock worth $78,678,000 after acquiring an additional 846,882 shares in the last quarter. Geode Capital Management LLC grew its position in Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after purchasing an additional 12,559 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sealed Air by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock valued at $58,587,000 after purchasing an additional 502,999 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after buying an additional 548,493 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. UBS Group lowered their target price on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Morgan Stanley dropped their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Truist Financial upped their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Down 0.3 %

Shares of SEE stock opened at $33.05 on Friday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The firm’s 50-day moving average is $34.32 and its 200-day moving average is $34.94. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 12.15 and a beta of 1.34.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 14th. Sealed Air’s payout ratio is 29.41%.

Sealed Air Company Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.