Sun Sep 15 10:56:59 UTC 2024: ## Texas School Fund Cuts Sealed Air Holdings, Other Investors Make Moves

**New York, NY (MarketBeat News) -** The Texas Permanent School Fund Corp has reduced its holdings in Sealed Air Co. (NYSE: SEE) by 14.4% in the second quarter, according to filings with the Securities and Exchange Commission. The fund now owns 108,107 shares of the industrial products company, valued at $3,761,000.

While the Texas fund decreased its stake, other institutional investors made adjustments to their portfolios. United Services Automobile Association increased its stake in Sealed Air by 3.5%, while Choreo LLC and Quest Partners LLC both purchased new positions in the company. Oak Thistle LLC also established a new stake, and Arizona State Retirement System lifted its position.

Overall, hedge funds and institutional investors own 94.40% of Sealed Air’s stock.

Shares of Sealed Air opened at $33.26 on Friday, with a market capitalization of $4.84 billion. The company recently declared a quarterly dividend of $0.20 per share, payable on September 27th.

Analysts have mixed views on Sealed Air’s stock. UBS Group downgraded the stock to “neutral,” while Truist Financial reaffirmed a “buy” rating. Wells Fargo & Company upgraded the stock to “overweight,” and Morgan Stanley initiated coverage with an “equal weight” rating. Stifel Nicolaus also initiated coverage with a “buy” rating.

MarketBeat currently gives Sealed Air an average rating of “Hold” with a consensus target price of $41.30.

Sealed Air Corporation, based in Charlotte, North Carolina, provides packaging solutions globally. The company operates through two segments: Food and Protective, offering packaging materials and automation equipment solutions for various industries, including food processing, healthcare, and consumer goods.

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