Guidance Capital Inc. Buys Shares of 13,210 Sealed Air Co. (NYSE:SEE)

Guidance Capital Inc. bought a new stake in Sealed Air Co. (NYSE:SEE) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,210 shares of the industrial products company’s stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEE. Northwestern Mutual Wealth Management Co. boosted its stake in Sealed Air by 523.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 2,445 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Sealed Air during the 2nd quarter valued at approximately $660,000. CWM LLC lifted its stake in shares of Sealed Air by 81.4% during the 3rd quarter. CWM LLC now owns 5,961 shares of the industrial products company’s stock valued at $216,000 after buying an additional 2,675 shares in the last quarter. Sendero Wealth Management LLC lifted its stake in shares of Sealed Air by 7.2% during the 3rd quarter. Sendero Wealth Management LLC now owns 8,215 shares of the industrial products company’s stock valued at $298,000 after buying an additional 550 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Sealed Air by 9.0% during the 3rd quarter. Sound Income Strategies LLC now owns 69,795 shares of the industrial products company’s stock valued at $2,534,000 after buying an additional 5,785 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. StockNews.com cut shares of 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 on the stock in a research note on Monday, January 13th. Citigroup lowered their target price 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. Finally, Royal Bank of Canada lowered their target price on shares of 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. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Price Performance

SEE stock opened at $34.71 on Thursday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The firm’s fifty day moving average is $34.93 and its 200 day moving average is $35.16. The firm has a market cap of $5.06 billion, a P/E ratio of 12.76 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm earned $0.77 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current year.

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.