SG Americas Securities LLC Lowers Position in Sealed Air Co. (NYSE:SEE)

SG Americas Securities LLC lessened its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,837 shares of the industrial products company's stock after selling 8,831 shares during the quarter. SG Americas Securities LLC's holdings in Sealed Air were worth $299,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SEE. Pacer Advisors Inc. acquired a new stake in Sealed Air during the 3rd quarter valued at $139,800,000. Swedbank AB acquired a new stake in Sealed Air during the 3rd quarter valued at $53,681,000. JPMorgan Chase & Co. lifted its holdings in Sealed Air by 501.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company's stock valued at $28,853,000 after purchasing an additional 662,606 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company's stock valued at $55,085,000 after purchasing an additional 548,493 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Sealed Air by 45.3% during 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 purchasing an additional 502,999 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com downgraded Sealed Air from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Mizuho cut their price target 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 upgraded 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. Citigroup lowered their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada lowered their price objective on Sealed Air from $40.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Sealed Air Price Performance

Sealed Air stock traded down $0.53 during midday trading on Friday, reaching $34.05. The company's stock had a trading volume of 1,004,448 shares, compared to its average volume of 1,075,657. The business has a 50-day moving average price of $34.84 and a 200-day moving average price of $35.14. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The stock has a market cap of $4.96 billion, a PE ratio of 12.52 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 posted its quarterly earnings data 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. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. On average, sell-side analysts predict that Sealed Air Co. will post 3.05 EPS for the current year.

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.