SeaCrest Wealth Management LLC purchased a new position in Sealed Air Corp (NYSE:SEE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,465 shares of the industrial products company’s stock, valued at approximately $171,000.

Other institutional investors have also modified their holdings of the company. Massey Quick Simon & CO. LLC bought a new stake in Sealed Air in the third quarter worth about $140,000. Beck Mack & Oliver LLC bought a new stake in Sealed Air in the fourth quarter worth about $207,000. Ameritas Investment Partners Inc. raised its position in Sealed Air by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 70 shares in the last quarter. MHI Funds LLC bought a new stake in Sealed Air in the fourth quarter worth about $216,000. Finally, Conning Inc. bought a new stake in Sealed Air in the fourth quarter worth about $226,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Several equities research analysts have commented on SEE shares. TheStreet upgraded shares of Sealed Air from a “c+” rating to a “b-” rating in a research report on Thursday, November 30th. SunTrust Banks reiterated a “buy” rating and issued a $49.00 price target on shares of Sealed Air in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of Sealed Air in a research report on Thursday, November 9th. Finally, Barclays boosted their price target on shares of Sealed Air from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.31.

In related news, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

Sealed Air Corp (SEE) opened at $41.72 on Wednesday. The firm has a market capitalization of $7,514.90, a PE ratio of 9.96, a P/E/G ratio of 4.32 and a beta of 1.12. Sealed Air Corp has a 12 month low of $40.76 and a 12 month high of $49.94. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.35 and a quick ratio of 0.99.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. Sealed Air’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. analysts expect that Sealed Air Corp will post 2.41 earnings per share for the current fiscal year.

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Sealed Air Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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