Mirae Asset Global Investments Co. Ltd. Takes Position in Sealed Air Co. (NYSE:SEE)

Mirae Asset Global Investments Co. Ltd. purchased a new position in Sealed Air Co. (NYSE:SEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,302 shares of the industrial products company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Sealed Air in the third quarter worth approximately $139,800,000. Swedbank AB bought a new position in shares of Sealed Air in the 3rd quarter worth $53,681,000. JPMorgan Chase & Co. grew its position in Sealed Air by 501.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after purchasing an additional 662,606 shares during the period. Maple Rock Capital Partners Inc. increased its stake in 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 purchasing an additional 548,493 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 502,999 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Trading Down 0.3 %

Shares of SEE opened at $33.99 on Friday. The firm has a market cap of $4.95 billion, a P/E ratio of 12.49 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 company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The business has a 50-day moving average of $34.57 and a 200 day moving average of $35.04.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEE. Bank of America lowered their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial raised their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, 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. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

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.