KBC Group NV Has $228,000 Position in Sealed Air Co. (NYSE:SEE)

KBC Group NV raised its position in Sealed Air Co. (NYSE:SEE) by 46.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,737 shares of the industrial products company’s stock after buying an additional 2,142 shares during the period. KBC Group NV’s holdings in Sealed Air were worth $228,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its holdings in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 311 shares during the last quarter. Everence Capital Management Inc. lifted its position in Sealed Air by 2.8% during the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 380 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 380 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after buying an additional 466 shares during the period. Finally, Sendero Wealth Management LLC raised its stake in shares of Sealed Air by 7.2% during the third quarter. Sendero Wealth Management LLC now owns 8,215 shares of the industrial products company’s stock worth $298,000 after buying an additional 550 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SEE. Mizuho lowered their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 17th. Wells Fargo & Company cut their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada decreased their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Citigroup cut their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Stock Up 0.6 %

Shares of SEE stock opened at $34.43 on Wednesday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 12.66 and a beta of 1.34. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14. The firm has a fifty day moving average of $34.96 and a 200-day moving average of $35.16. 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 quarterly 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. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business 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 fiscal 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.