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

Manning & Napier Advisors LLC bought a new position in Sealed Air Co. (NYSE:SEE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the industrial products company’s stock, valued at approximately $677,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Sealed Air in the second quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in shares of Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 907 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sealed Air by 523.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 2,445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sealed Air during the 2nd quarter worth $105,000. Finally, Quarry LP boosted its stake in shares of Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

SEE has been the topic of several analyst reports. Truist Financial lifted 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. Wells Fargo & Company dropped their price target on shares of 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 dropped 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. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, 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 research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Price Performance

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

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air 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.