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

Swedbank AB boosted its holdings in Sealed Air Co. (NYSE:SEE) by 57.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,325,696 shares of the industrial products company’s stock after purchasing an additional 846,882 shares during the quarter. Swedbank AB owned 1.60% of Sealed Air worth $78,678,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SEE. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air in the second quarter valued at approximately $34,000. GAMMA Investing LLC raised its holdings in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 907 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sealed Air by 523.6% during the 2nd 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 shares of Sealed Air during the 2nd quarter worth $105,000. Finally, Quarry LP increased its position in shares of Sealed Air by 230.1% in the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 2,363 shares during the period. Institutional investors own 94.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial increased their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Thursday, October 17th. 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. Finally, Wells Fargo & Company lowered their price target on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, January 6th. 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. According to MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Performance

Sealed Air stock opened at $34.79 on Thursday. The business has a 50 day moving average of $35.06 and a 200-day moving average of $35.21. The company has a market capitalization of $5.07 billion, a P/E ratio of 12.79, a P/E/G ratio of 8.52 and a beta of 1.34. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14. 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 announced its quarterly 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 net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts predict 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.