Mitchell Mcleod Pugh & Williams Inc. Grows Stock Holdings in Sealed Air Co. (NYSE:SEE)

Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Sealed Air Co. (NYSE:SEE) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,280 shares of the industrial products company’s stock after acquiring an additional 1,440 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Sealed Air were worth $246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its position in Sealed Air by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 31,877 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 1,468 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Sealed Air by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 553,230 shares of the industrial products company’s stock valued at $19,247,000 after buying an additional 27,554 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 479,675 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Sealed Air by 156.5% in the second quarter. Renaissance Technologies LLC now owns 185,700 shares of the industrial products company’s stock worth $6,461,000 after acquiring an additional 113,300 shares during the period. Finally, AE Wealth Management LLC bought a new position in Sealed Air during the 2nd quarter worth about $4,090,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Down 0.4 %

NYSE:SEE opened at $34.57 on Tuesday. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock’s 50 day simple moving average is $35.07 and its 200-day simple moving average is $35.18. The firm has a market cap of $5.04 billion, a P/E ratio of 12.71, a PEG ratio of 7.98 and a beta of 1.34.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data 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 company had revenue of $1.35 billion for 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%. Sealed Air’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. Equities analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEE. Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Bank of America cut their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com cut Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Morgan Stanley lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada lowered their price target on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, six have issued 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 price target 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.