National Investment Services Inc. WI decreased its position in Sealed Air Corp (NYSE:SEE) by 36.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,947 shares of the industrial products company’s stock after selling 13,868 shares during the quarter. National Investment Services Inc. WI’s holdings in Sealed Air were worth $1,103,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Sealed Air by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 2,113,877 shares of the industrial products company’s stock valued at $73,522,000 after purchasing an additional 136,235 shares during the last quarter. Norges Bank acquired a new stake in shares of Sealed Air in the fourth quarter valued at approximately $53,312,000. Dimensional Fund Advisors LP grew its position in shares of Sealed Air by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,072,521 shares of the industrial products company’s stock valued at $37,364,000 after purchasing an additional 82,856 shares during the last quarter. FMR LLC boosted its position in Sealed Air by 186.2% during the fourth quarter. FMR LLC now owns 85,949 shares of the industrial products company’s stock worth $2,994,000 after acquiring an additional 55,917 shares during the last quarter. Finally, CWM Advisors LLC boosted its position in Sealed Air by 16.2% during the fourth quarter. CWM Advisors LLC now owns 8,126 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 1,134 shares during the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.
A number of brokerages recently issued reports on SEE. Zacks Investment Research lowered shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Morgan Stanley set a $44.00 price target on shares of Sealed Air and gave the stock a “hold” rating in a research note on Wednesday, April 17th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research note on Thursday, February 7th. Goldman Sachs Group downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. They noted that the move was a valuation call. Finally, Vertical Research downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.00.
Shares of SEE stock opened at $46.31 on Wednesday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.88 and a beta of 1.14. Sealed Air Corp has a 1-year low of $30.22 and a 1-year high of $47.13.
Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business posted $0.58 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts predict that Sealed Air Corp will post 2.73 earnings per share for the current year.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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