GHP Investment Advisors Inc. Buys 1,748 Shares of Sealed Air Co. (NYSE:SEE)

GHP Investment Advisors Inc. grew its stake in shares of Sealed Air Co. (NYSE:SEE) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,373 shares of the industrial products company’s stock after buying an additional 1,748 shares during the period. GHP Investment Advisors Inc.’s holdings in Sealed Air were worth $1,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in Sealed Air during the 3rd quarter worth approximately $139,800,000. Swedbank AB increased its holdings in shares of Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock worth $78,678,000 after purchasing an additional 846,882 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sealed Air by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after purchasing an additional 12,559 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 period. Finally, Maple Rock Capital Partners Inc. grew its position in Sealed Air by 56.6% during 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 buying an additional 548,493 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Trading Down 1.5 %

NYSE SEE opened at $34.05 on Friday. The firm has a market cap of $4.96 billion, a PE ratio of 12.52 and a beta of 1.34. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14. The stock has a 50-day moving average of $34.84 and a 200-day moving average of $35.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group lowered their price target on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Mizuho lowered their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Bank of America dropped their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada reduced their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Eight 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

About Sealed Air

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.