Janney Montgomery Scott LLC Has $689,000 Stock Holdings in Sealed Air Co. (NYSE:SEE)

Janney Montgomery Scott LLC reduced its holdings in shares of Sealed Air Co. (NYSE:SEE) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,359 shares of the industrial products company’s stock after selling 2,672 shares during the period. Janney Montgomery Scott LLC’s holdings in Sealed Air were worth $689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the period. Everence Capital Management Inc. boosted its stake in Sealed Air by 2.8% in the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after buying an additional 380 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Sealed Air by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 380 shares during the period. Raymond James Trust N.A. raised its stake in Sealed Air by 3.4% during the third quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 466 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Sealed Air by 20.1% during the third quarter. KBC Group NV now owns 4,595 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 769 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $34.05 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 debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 12.52 and a beta of 1.34. The firm has a fifty day moving average of $34.84 and a two-hundred day moving average of $35.14.

Sealed Air (NYSE:SEE) last released its earnings results 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. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. As a group, equities research analysts predict that Sealed Air Co. will post 3.05 EPS for the current year.

Wall Street Analyst Weigh In

SEE has been the subject of several analyst reports. Mizuho cut their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Truist Financial lifted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Bank of America decreased their price target 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. UBS Group cut their price objective on Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley decreased their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and an average 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.