Swedbank AB Has $78.68 Million Position in Sealed Air Co. (NYSE:SEE)

Swedbank AB boosted its stake in Sealed Air Co. (NYSE:SEE) by 57.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,325,696 shares of the industrial products company’s stock after purchasing an additional 846,882 shares during the quarter. Swedbank AB’s holdings in Sealed Air were worth $78,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEE. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air in the 2nd quarter valued at about $34,000. GAMMA Investing LLC boosted its holdings in Sealed Air by 218.0% in the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Sealed Air by 523.6% in 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 acquiring an additional 2,445 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sealed Air during the second quarter valued at approximately $105,000. Finally, Quarry LP raised its position in shares of Sealed Air by 230.1% during the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 2,363 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Down 1.8 %

Shares of NYSE:SEE opened at $34.79 on Thursday. The company has a market capitalization of $5.07 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 8.52 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 company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The business has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $35.21.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data 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. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. Analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

Analysts Set New Price Targets

SEE has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 17th. Finally, Bank of America cut their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. 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. Based on data from MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price 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.