Manning & Napier Advisors LLC Invests $677,000 in Sealed Air Co. (NYSE:SEE)

Manning & Napier Advisors LLC acquired a new stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,000 shares of the industrial products company's stock, valued at approximately $677,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air during the 2nd quarter worth $34,000. GAMMA Investing LLC lifted its holdings in shares of Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after acquiring an additional 907 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sealed Air by 523.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sealed Air during the 2nd quarter valued at approximately $105,000. Finally, Quarry LP increased its position in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock worth $134,000 after purchasing an additional 311 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SEE. Raymond James upgraded shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 target price on the stock in a research report on Thursday, October 17th. Mizuho cut their price objective on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. StockNews.com cut Sealed Air from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Morgan Stanley cut their price target on 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. Finally, Bank of America lowered their price objective on 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 research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $40.00.

Sealed Air Trading Down 1.8 %

Shares of NYSE:SEE traded down $0.64 during midday trading on Monday, reaching $34.19. The company's stock had a trading volume of 677,303 shares, compared to its average volume of 1,107,716. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a 50 day moving average price of $35.04 and a two-hundred day moving average price of $35.18. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 12.58 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. As a group, analysts forecast 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.