20,000 Shares in Sealed Air Co. (NYSE:SEE) Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC acquired a new stake in shares of Sealed Air Co. (NYSE:SEE) during the 4th quarter, HoldingsChannel reports. The fund acquired 20,000 shares of the industrial products company’s stock, valued at approximately $677,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SEE. Northwestern Mutual Wealth Management Co. lifted its holdings in Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 2,445 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air during the second quarter valued at $34,000. Sanctuary Advisors LLC purchased a new position in Sealed Air during the second quarter valued at $660,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sealed Air during the second quarter valued at $105,000. Finally, Kwmg LLC lifted its stake in shares of Sealed Air by 4.2% in the third quarter. Kwmg LLC now owns 130,010 shares of the industrial products company’s stock worth $4,719,000 after buying an additional 5,269 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SEE shares. Truist Financial raised their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. UBS Group decreased their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Citigroup decreased 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 note on Monday, January 6th. Finally, Royal Bank of Canada decreased their price target on shares of 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 investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sealed Air presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Stock Up 1.9 %

Shares of Sealed Air stock opened at $35.40 on Friday. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a 50 day moving average of $35.06 and a 200 day moving average of $35.21. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The company has a market capitalization of $5.16 billion, a P/E ratio of 13.02, a P/E/G ratio of 8.52 and a beta of 1.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, research analysts forecast that Sealed Air Co. will post 3.05 EPS 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.