Thompson Investment Management Inc. Has $2.50 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Thompson Investment Management Inc. boosted its stake in shares of Sealed Air Co. (NYSE:SEE) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,769 shares of the industrial products company’s stock after purchasing an additional 990 shares during the period. Thompson Investment Management Inc. owned 0.05% of Sealed Air worth $2,496,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP raised its stake in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after buying an additional 311 shares during the period. Choreo LLC raised its stake in Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after buying an additional 351 shares during the period. Everence Capital Management Inc. increased its stake in shares of Sealed Air by 2.8% during the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 380 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sealed Air by 4.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 380 shares during the period. Finally, Raymond James Trust N.A. increased its stake in shares of Sealed Air by 3.4% during the third quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 466 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SEE. Citigroup lowered their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. StockNews.com downgraded Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Bank of America reduced their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Thursday, October 17th. Finally, Morgan Stanley reduced their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Trading Down 1.5 %

NYSE SEE opened at $34.05 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 12.52 and a beta of 1.34. The business’s fifty day moving average is $34.84 and its 200 day moving average is $35.14.

Sealed Air (NYSE:SEE) last released its quarterly earnings data 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. As a group, sell-side analysts expect that Sealed Air Co. will post 3.05 EPS for the current fiscal 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.