Swedbank AB Purchases 846,882 Shares of Sealed Air Co. (NYSE:SEE)

Swedbank AB raised its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,325,696 shares of the industrial products company's stock after purchasing an additional 846,882 shares during the period. Swedbank AB owned 1.60% of Sealed Air worth $78,678,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SEE. Strategic Investment Solutions Inc. IL bought a new position in shares of Sealed Air during the second quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in shares of Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after buying an additional 907 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 2,445 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sealed Air in the 2nd quarter worth about $105,000. Finally, Quarry LP boosted its holdings in Sealed Air by 230.1% in the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 2,363 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Price Performance

SEE traded up $0.36 on Thursday, reaching $35.11. The stock had a trading volume of 346,795 shares, compared to its average volume of 971,366. 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 market capitalization of $5.12 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 8.52 and a beta of 1.34. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The firm has a 50-day moving average of $35.06 and a 200-day moving average of $35.21.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 6th. UBS Group reduced their target price on Sealed Air from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of Sealed Air from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Bank of America dropped their target price on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Citigroup decreased their price objective on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, Sealed Air has an average rating of "Moderate Buy" and a consensus price target of $40.00.

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.