Avantra Family Wealth Inc. Takes Position in Sealed Air Co. (NYSE:SEE)

Avantra Family Wealth Inc. bought a new position in Sealed Air Co. (NYSE:SEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,490 shares of the industrial products company's stock, valued at approximately $456,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Sealed Air by 218.0% in the 4th 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 period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 purchasing an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sealed Air during the 2nd quarter valued at about $105,000. Quarry LP lifted its stake in shares of Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after purchasing an additional 311 shares during the period. Finally, KBC Group NV increased its stake in shares of Sealed Air by 20.1% in the 3rd quarter. KBC Group NV now owns 4,595 shares of the industrial products company's stock valued at $167,000 after acquiring an additional 769 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Price Performance

SEE traded up $0.37 on Wednesday, hitting $34.79. 459,214 shares of the company's stock traded hands, compared to its average volume of 1,114,139. The company's 50 day simple moving average is $34.96 and its 200-day simple moving average is $35.16. Sealed Air Co. has a one year low of $30.87 and a one year high of $41.14. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 12.79 and a beta of 1.34. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $0.77 earnings per share. The company's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SEE. Mizuho lowered their target price on Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. 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 research report on Thursday, October 17th. Wells Fargo & Company dropped their target price on Sealed Air from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, January 6th. StockNews.com cut Sealed Air from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Truist Financial boosted their price objective on Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Sealed Air 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.