Sealed Air Co. (NYSE:SEE) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC lessened its stake in Sealed Air Co. (NYSE:SEE) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,836 shares of the industrial products company’s stock after selling 1,423 shares during the quarter. Cohen Klingenstein LLC’s holdings in Sealed Air were worth $1,043,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC acquired a new stake in Sealed Air during the third quarter valued at approximately $1,497,000. Maple Rock Capital Partners Inc. increased its holdings in shares of Sealed Air by 56.6% in 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 during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Sealed Air by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock valued at $64,571,000 after acquiring an additional 24,940 shares in the last quarter. Commerce Bank lifted its stake in Sealed Air by 67.6% during the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 14,766 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 worth $28,853,000 after purchasing an additional 662,606 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $34.57 on Friday. The company has a market capitalization of $5.04 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 7.98 and a beta of 1.34. 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 one year low of $30.87 and a one year high of $41.14. The stock has a fifty day moving average of $35.09 and a 200-day moving average of $35.17.

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

Analysts Set New Price Targets

Several research firms have recently commented on SEE. Truist Financial upped their target price on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Mizuho dropped their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 17th. Finally, Bank of America reduced their target price 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. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.