Brighton Jones LLC Takes $737,000 Position in Sealed Air Co. (NYSE:SEE)

Brighton Jones LLC purchased a new position in Sealed Air Co. (NYSE:SEE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,800 shares of the industrial products company's stock, valued at approximately $737,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its holdings in shares of Sealed Air by 12.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 21,211 shares of the industrial products company's stock valued at $717,000 after acquiring an additional 2,399 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Sealed Air by 24.7% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,280 shares of the industrial products company's stock valued at $246,000 after acquiring an additional 1,440 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Sealed Air by 20.5% during the fourth quarter. Park Avenue Securities LLC now owns 15,287 shares of the industrial products company's stock valued at $517,000 after acquiring an additional 2,605 shares in the last quarter. Kwmg LLC increased its holdings in shares of Sealed Air by 5.0% during the fourth quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock valued at $4,619,000 after acquiring an additional 6,527 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 valued at $326,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley reduced their price objective on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Bank of America lowered their price objective 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. Wells Fargo & Company decreased their target price on Sealed Air from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on 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. Finally, StockNews.com cut Sealed Air from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Eight research 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Sealed Air Stock Up 0.4 %

Shares of NYSE SEE traded up $0.15 during mid-day trading on Friday, reaching $35.42. 714,669 shares of the company were exchanged, compared to its average volume of 874,894. The firm has a 50-day moving average of $35.04 and a 200 day moving average of $35.21. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 8.52 and a beta of 1.34. 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 (NYSE:SEE - Get Free Report) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.77 EPS. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current year.

About Sealed Air

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.