SG Americas Securities LLC Sells 8,831 Shares of Sealed Air Co. (NYSE:SEE)

SG Americas Securities LLC decreased its stake in Sealed Air Co. (NYSE:SEE) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,837 shares of the industrial products company’s stock after selling 8,831 shares during the period. SG Americas Securities LLC’s holdings in Sealed Air were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SEE. Pacer Advisors Inc. bought a new position in Sealed Air during the third quarter valued at approximately $139,800,000. Geode Capital Management LLC grew its holdings in shares of Sealed Air by 0.5% during the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in Sealed Air by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock worth $58,587,000 after purchasing an additional 502,999 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after purchasing an additional 548,493 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Sealed Air during the third quarter valued at about $53,681,000. 94.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SEE has been the topic of several recent analyst reports. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Thursday, October 17th. Wells Fargo & Company cut their price target on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup cut their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group lowered their price target on Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Trading Up 0.8 %

Shares of SEE stock opened at $34.71 on Thursday. The stock has a market capitalization of $5.06 billion, a P/E ratio of 12.76 and a beta of 1.34. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm’s 50 day moving average is $34.93 and its 200 day moving average is $35.16. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts expect 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.