Guidance Capital Inc. Buys New Shares in Sealed Air Co. (NYSE:SEE)

Guidance Capital Inc. purchased a new position in shares of Sealed Air Co. (NYSE:SEE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,210 shares of the industrial products company's stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in Sealed Air in the 3rd quarter valued at $139,800,000. Swedbank AB purchased a new stake in shares of Sealed Air in the third quarter valued at about $53,681,000. JPMorgan Chase & Co. boosted its stake in shares of Sealed Air by 501.0% during the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company's stock worth $28,853,000 after buying an additional 662,606 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in shares of Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company's stock worth $55,085,000 after buying an additional 548,493 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Sealed Air by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company's stock valued at $58,587,000 after acquiring an additional 502,999 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on SEE shares. 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. Bank of America lowered their price objective on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. UBS Group reduced their target price on shares of Sealed Air from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Morgan Stanley lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, StockNews.com downgraded shares of Sealed Air from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Eight investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.00.

Sealed Air Price Performance

Shares of NYSE:SEE traded down $0.53 during midday trading on Friday, hitting $34.05. 1,004,448 shares of the stock were exchanged, compared to its average volume of 1,075,657. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The company has a 50 day moving average price of $34.84 and a 200-day moving average price of $35.14. The stock has a market cap of $4.96 billion, a P/E ratio of 12.52 and a beta of 1.34.

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