Park Avenue Securities LLC Grows Stock Position in Sealed Air Co. (NYSE:SEE)

Park Avenue Securities LLC raised its holdings in shares of Sealed Air Co. (NYSE:SEE) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,287 shares of the industrial products company’s stock after acquiring an additional 2,605 shares during the quarter. Park Avenue Securities LLC’s holdings in Sealed Air were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SEE. Millennium Management LLC boosted its stake in shares of Sealed Air by 38.2% during the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after acquiring an additional 1,136,985 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Sealed Air during the 3rd quarter worth about $139,800,000. Geode Capital Management LLC grew its holdings in shares of Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after buying an additional 12,559 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sealed Air by 33.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after buying an additional 479,675 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Sealed Air by 1.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock valued at $64,571,000 after buying an additional 24,940 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Price Performance

SEE opened at $35.24 on Friday. The company has a 50 day moving average of $35.05 and a two-hundred day moving average of $35.19. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. 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 cap of $5.13 billion, a P/E ratio of 12.96, a P/E/G ratio of 8.59 and a beta of 1.34.

Sealed Air (NYSE:SEE) last announced 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 firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SEE. Bank of America cut their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Morgan Stanley decreased their price target on 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. UBS Group dropped their price objective on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Thursday, October 17th. Eight 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, the stock has an average rating of “Moderate Buy” and an average target price of $40.00.

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.