Sealed Air Co. (NYSE:SEE) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Sealed Air Co. (NYSE:SEE) by 20.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,287 shares of the industrial products company’s stock after acquiring an additional 2,605 shares during the quarter. Park Avenue Securities LLC’s holdings in Sealed Air were worth $517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air in the second quarter valued at approximately $34,000. GAMMA Investing LLC boosted its holdings in shares of Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Sealed Air by 523.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sealed Air during the 2nd quarter worth $105,000. Finally, Quarry LP lifted its position in Sealed Air by 230.1% in the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 2,363 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SEE has been the topic of several research reports. Citigroup dropped their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America cut their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Mizuho reduced their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Stock Up 0.2 %

Shares of NYSE:SEE opened at $35.24 on Friday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 8.59 and a beta of 1.34. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The firm’s 50-day simple moving average is $35.05 and its 200-day simple moving average is $35.19. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current year.

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.