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

GHP Investment Advisors Inc. raised its holdings in shares of Sealed Air Co. (NYSE:SEEFree Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,373 shares of the industrial products company’s stock after purchasing an additional 1,748 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Sealed Air were worth $1,433,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of Sealed Air during the third quarter worth about $1,497,000. Maple Rock Capital Partners Inc. raised its stake in shares of Sealed Air by 56.6% in 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 purchasing an additional 548,493 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Sealed Air by 13.8% in the fourth quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company’s stock valued at $2,687,000 after purchasing an additional 9,634 shares in the last quarter. Commerce Bank boosted its position in shares of Sealed Air by 67.6% during the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 14,766 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Sealed Air by 501.0% during the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after buying an additional 662,606 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Down 1.5 %

Shares of SEE opened at $34.05 on Friday. The firm has a market cap of $4.96 billion, a P/E ratio of 12.52 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 $34.84 and a 200 day moving average of $35.14.

Sealed Air (NYSE:SEEGet Free Report) last posted 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 company 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 company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, research analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SEE. Royal Bank of Canada cut their price objective on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Morgan Stanley cut 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 report on Monday, January 13th. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup cut their target price on 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, UBS Group dropped 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. Eight research 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

View Our Latest Analysis on Sealed Air

Sealed Air Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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