Sealed Air Co. (NYSE:SEE) Stake Increased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its holdings in shares of Sealed Air Co. (NYSE:SEE) by 339.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,542 shares of the industrial products company’s stock after purchasing an additional 5,054 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Sealed Air were worth $221,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in shares of Sealed Air in the 3rd quarter valued at about $1,497,000. Maple Rock Capital Partners Inc. grew its holdings in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after acquiring an additional 548,493 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Sealed Air by 13.8% during the fourth quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company’s stock worth $2,687,000 after acquiring an additional 9,634 shares in the last quarter. Commerce Bank boosted its position in 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 purchasing an additional 14,766 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after purchasing an additional 662,606 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SEE shares. Truist Financial boosted their price target on 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 reduced their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley cut 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. Royal Bank of Canada cut their price objective on 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. Finally, StockNews.com cut Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Eight equities research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $34.79 on Thursday. 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 company has a market cap 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. The firm has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $35.21. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

About Sealed Air

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.