PharVision Advisers LLC Purchases New Holdings in Sealed Air Co. (NYSE:SEE)

PharVision Advisers LLC purchased a new position in shares of Sealed Air Co. (NYSE:SEE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,890 shares of the industrial products company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sealed Air during the 4th quarter worth $27,000. Manchester Capital Management LLC raised its position in Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sealed Air in the fourth quarter valued at about $45,000. Brown Brothers Harriman & Co. grew its position in shares of Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 712 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 913 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Sealed Air Stock Down 1.7%

Shares of NYSE:SEE opened at $31.77 on Thursday. The firm has a fifty day moving average price of $28.42 and a two-hundred day moving average price of $32.36. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 11.68 and a beta of 1.35. 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 Co. has a one year low of $22.78 and a one year high of $41.14.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on SEE. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. UBS Group upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, April 7th. Mizuho lowered their price target on shares of Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, eight 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 price target of $38.00.

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.