21,800 Shares in Sealed Air Co. (NYSE:SEE) Acquired by Brighton Jones LLC

Brighton Jones LLC bought a new stake in Sealed Air Co. (NYSE:SEE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,800 shares of the industrial products company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air during the 2nd quarter valued at $34,000. GAMMA Investing LLC raised its stake in Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 2,445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sealed Air during the second quarter worth about $105,000. Finally, Quarry LP increased its holdings in shares of Sealed Air by 230.1% during the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 2,363 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SEE shares. UBS Group lowered 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. Mizuho dropped their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock 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 target price for the company in a research note on Thursday, October 17th. Citigroup dropped their price target 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. Finally, Wells Fargo & Company reduced their price objective on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Sealed Air Price Performance

NYSE:SEE opened at $35.42 on Friday. The company has a 50 day moving average price of $35.04 and a 200-day moving average price of $35.21. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 8.52 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.77 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts forecast 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.